money laundering
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USA
Former Aide to New York Governor Charged with Unlawful Activities for China
The U.S. Justice Department has charged Linda Sun, a former deputy chief of staff to New York Governor Kathy Hochul, with engaging in unlawful activities on behalf of the Chinese government. Sun, 41, and her husband Christopher Hu, 40, are accused of using her government position to benefit China and amass personal wealth. Federal prosecutors unveiled the indictment on Tuesday,…
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World News
Russian Arrested in Argentina for Laundering $100 Million Stolen by North Korean Hackers
Argentine authorities have arrested a Russian national accused of laundering cryptocurrency stolen in a $100 million heist by North Korea’s Lazarus Group, highlighting the DPRK’s integration into global money laundering networks. The arrest, made by the Argentine Federal Police, involved the seizure of over $120,000 in cryptocurrency and $15 million in assets. The suspect, a 29-year-old Russian living in Buenos…
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Money
Demystifying Money Laundering: Understanding the Illegal Process of Cleaning Dirty Money
Money laundering, a term often associated with crime and corruption, can seem complex and shrouded in mystery. This article aims to demystify this process by providing a clear and comprehensive understanding of what money laundering is, how it works, why it’s illegal, and its impact on society. What is Money Laundering? In simple terms, money laundering is the process of…
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World News
Scandal-Plagued Rep. George Santos Expected to Be Expelled by House
WASHINGTON — Indicted Representative George Santos is anticipated to be expelled from the House on Friday, concluding a tumultuous term marked by a House ethics investigation and a federal indictment containing charges such as wire fraud and money laundering. Santos, a New York Republican, faced two previous expulsion attempts earlier in the year but began losing support after a scathing 56-page…
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