Palm Beach County State Attorney Dave Aronberg announced on Wednesday that his office has created a new task force to investigate and prosecute people who defrauded the federal paycheck protection program. The new PPP fraud task force will work with the Palm
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Money laundering is a criminal activity that involves hiding or disguising the proceeds of illegal activities as legitimate funds. This practice has serious repercussions for businesses, including legal, financial and reputational risks. Legal repercussions Businesses that are caught participating in money laundering
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Money laundering involves taking money procured by illegal means and moving it into a legal vehicle. The purpose centers on hiding the illegality of how those possessing the funds gained the money. Persons accused of money laundering may face serious charges in
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Money laundering occurs when money earned through illegal activities is put through a series of activities to hide its source of origin. For example, if a Florida drug dealer earns thousands in the sale of illicit drugs, he will not deposit that
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If you’re an entrepreneur, businessman or government official in Florida, skipping a few corners may look inviting to get ahead financially. Unfortunately, if this process involves taking illegal actions, you risk getting accused of committing a white-collar crime. Embezzlement and money laundering
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Three telemarking company owners were charged for their alleged participation in a $46 million health care fraud, kickback, and money laundering scheme involving the referral of medically unnecessary cancer genetic tests to labs in exchange for kickbacks. According to the indictment, the
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Prosecutors charged a South Florida movie producer, his business partner and a former Wells Fargo banker with wire fraud and money laundering over a multimillion-dollar investment scheme. The three men allegedly defrauded investors by promising attractive returns from planned movies, theater shows
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James Schneider, a Boca Raton securities attorney was convicted by a federal jury last week after a two-week trial in Miami of one count conspiracy to commit securities and wire fraud, five counts of securities fraud, six counts of wire fraud, conspiracy
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Alejandro Andrade Cedeno (Andrade), 54, a Venezuelan citizen residing in Wellington, Florida and a former Venezuelan national treasurer, was sentenced yesterday to 10 years in prison by U.S. District Judge Robin L. Rosenberg in the West Palm Beach Division of the Southern
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When an individual earns income via illegal channels, they will often take measures to conceal where that money came from. While the concept of money laundering may evoke images of organized crime, it is also a practice that occurs in white collar
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