Criminal Outcomes

Featured Criminal Outcomes

FirstEnergy to pay $230M in agreement in Ohio bribery case

AP — The energy giant at the center of a $60 million bribery scheme in Ohio admitted Thursday to using dark money groups to fund the effort, and agreed to pay $230 million and other conditions so prosecutors won’t forge ahead with a criminal case against the… Read More

Chicago banker convicted of bribing Paul Manafort

A federal jury convicted the former chief of a Chicago bank on charges he approved millions of dollars of risky loans to Paul Manafort, former campaign manager for President Donald Trump, in an effort to gain a top post in the Trump administration. Stephen Calk, former chairman and chief executive… Read More

A London Couple’s Lavish Lifestyle Rode on the Azeri Laundromat

When U.K. authorities began investigating wealth belonging to a politically-connected Azerbaijani family, their suspicions were triggered by a raft of “brass plate” companies that funneled more than double the amount of the couple’s stated income. Almost 14 million pounds ($19.3 million) was routed into British bank accounts controlled by Suleyman… Read More
8th July 2021
Former South African President Jacob Zuma, who was convicted on contempt-of-court charges last week, spent the night in prison after he failed in a last-ditch bid to delay serving his 15-month sentence. Confirmation of Zuma’s detention came shortly after the expiry of a Constitutional Court deadline that he be jailed… Read More
6th July 2021
Belarus’s Supreme Court sentenced the former head of a Kremlin-controlled bank who sought to challenge President Alexander Lukashenko in last year’s elections to 14 years in jail, as the longtime ruler continues a sweeping crackdown on opponents. The court in the capital, Minsk, convicted Viktor Babariko and imposed fines totaling… Read More
6th July 2021
A Jersey jeweller has been jailed for seven and a half years for money laundering for a drug gang. Darius James Andrew Pearce, aged 49, used his business to receive cash, to buy gold which was then used to fund the importation of drugs. He had been found guilty on… Read More
30th June 2021
A former senior partner has been jailed for four years after defrauding his firm out of a total of £2.3m. Andrew Davies, 59, paid personal invoices to himself from the business and also under-declared £1.1m in stamp duty land tax to HMRC over nine years. Davies pleaded guilty to one… Read More
29th June 2021
The Bangko Sentral ng Pilipinas (BSP) has revoked the license of another money changer as it continues to ramp up its campaign against illegally operating money service businesses (MSBs). The regulator said the Monetary Board has cancelled the certificate of registration of Nashima Money Changer as a foreign exchange dealer… Read More
29th June 2021
A volunteer with a Dublin soup run is a “trusted, high-level” member of an international drugs trafficking gang, the Special Criminal Court has heard. Jason Reed (40) was told he faces a “substantial custodial sentence” next week after pleading guilty to money laundering and possessing the proceeds of crime relating… Read More
27th June 2021
One of Belgium’s longest-running fraud cases has come to an end as those accused have agreed to pay a total of €50 million as a settlement. The agreement – which was approved by a court before the ink was even dry – brings to an end a case that has… Read More
25th June 2021
Late M&A banker Jean-Marc Forneri’s Swiss lawyer and wealth manager were found guilty of helping him conceal assets and dodge taxes in a French crackdown on those who facilitate financial crime. The Swiss lawyer, John Metzger, was given an 18-month suspended sentence and a fine of 300,000 euros ($359,000) by… Read More
24th June 2021
AP —A U.S. judge in Texas on Wednesday sentenced a former governor of a northern state in Mexico to three years in prison following his guilty plea last year in a money laundering scheme, prosecutors said. Former Coahuila state Gov. Jorge Juan Torres López, 67, had pleaded guilty to… Read More
24th June 2021
A former compliance expert who chaired the Association of UK Payment Institutions for 14 years has been been convicted of laundering the proceeds of an £850,000 investment scam, the Financial Times reported Wednesday. A jury at Southwark Crown Court convicted Dominic James Edward Thorncroft of one… Read More