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Tag Archives: Money Laundering

Professor and expert on money laundering is himself charged with laundering money

Bruce Bagley knows a lot about money laundering. Too much, federal prosecutors say. For decades, the University of Miami professor has been the go-to source for journalists looking to understand the shadowy worlds of drug trafficking, organized crime and government ...

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Investment advisor admits part in Ponzi scheme

Eduardo Galan, 64, of Brockport, has pleaded guilty to mail fraud and money laundering before. The combined charges carry a maximum penalty of 30 years in prison and a $500,000 fine. Galan, according to Assistant U.S. Attorney John J. Field, ...

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Gov’t outlines HSBC ties to drug money laundering

WASHINGTON — British bank HSBC violated the Bank Secrecy Act in connection with the laundering of money from narcotics drug traffickers in Mexico and intentionally allowed prohibited transactions with Iran and other nations that have been under sanctions, the Justice ...

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Two Rochester businessmen indicted

A federal grand jury in Rochester has returned a 12-count indictment charging Kenneth M. Griffin, 45, and Brian K. Campbell, 73, both of Rochester, with defrauding companies and money laundering. The charges carry a maximum penalty of 20 years in ...

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Upstate mansion owner headed to federal prison

SYRACUSE — The owner of a central New York lakefront mansion has been sentenced to more than seven years in prison for money laundering that prosecutors say stemmed from dealing drugs. The Post-Standard of Syracuse reports that 53-year-old Charles Ludwig ...

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