money laundering – News Stories About money laundering - Page 7

Aug 28, 2007 12:33 PM CDT

It's Bon Voyage for Noriega

Judge OKs France's extradition request for former dictator; he'll serve jail term there

(Newser) - Former dictator of Panama Manuel Noriega will be extradited to France to serve ten more years of jail time. Noriega has done 18 years in a Miami prison, and will be released for good behavior next month. He faces money laundering charges in France, but had asked to return to...

Pentagon Spent $1M on 2 Washers

Aug 16, 2007 2:34 PM CDT

Pentagon Spent $1M on 2 Washers

Crafty twin sisters bilked government out of $20.5 million over 6 years

(Newser) - Twin sisters at a parts supplier scammed the Pentagon out of $20.5 million in fraudulent shipping costs, including $998,798 they charged to ship two 19-cent washers and half a mil to ship three machine screws to Iraq. The Pentagon took six years to catch on to the sisters'...

Terror Groups Use Commodity Trades to
Move Money

Jul 2, 2007 10:36 AM CDT

Terror Groups Use Commodity Trades to Move Money

Looks like food aid, funds insurgency

(Newser) - Commodity trading is the latest avenue for terrorists and narcotics traffickers to launder large amounts of money, the Wall Street Journal reports. Basic foodstuffs, like sugar, flour and oil, are legitimately bought on the market and transferred to trade-restricted Iran or Palestine in the guise of legal aid. There they're...

Feds Nab Top Spammer, Predict Junk Mail Drop

May 31, 2007 7:48 AM CDT

Feds Nab Top Spammer, Predict Junk Mail Drop

One of world's "top 10" spammers jailed; used "zombie" computers to send out millions of junk emails

(Newser) - The feds arrested one of the world's worst spammers yesterday—a guy so prolific they claimed net-users worldwide would notice a drop in junkmail as a result of his detention. Robert Alan Soloway used infected "zombie" computers to send out millions of messages, and continued to do so even...

Russia Sues Bank of New York
for $22 Billion

May 18, 2007 7:40 AM CDT

Russia Sues Bank of New York for $22 Billion

Reopening old case another sign of new tensions

(Newser) - The Russian government hit the Bank of New York with as $22 Billion lawsuit in a Moscow court Wednesday—the latest in a wave of hostile moves some see as portending a new Cold War. With Russians irate over U.S. missile bases planned for Eastern Europe, East-West relations are...