Sentence examples for fraud proceeds from inspiring English sources

A director of the Caribbean American Bank has been convicted of laundering $3.4m-worth 3.4m-worthrofeeds.

This money laundering activity has included the purchase of pieces of Manhattan real estate with funds commingled with fraud proceeds".

After the victims transferred money to the callers, a network of U.S.-based runners moved expeditiously to liquidate and launder fraud proceeds through the use of anonymous stored value cards.

Patel, wrote the Department of Justice, "served as the manager of a Chicago-based crew of 'runners' that liquidated and laundered fraud proceeds generated by callers at India-based call centers".

Pogosian's uncle, Khachatour Hakobyan, who prosecutors believe led the scheme, was sentenced last month to 57 months in prison after pleading guilty to conspiring to launder healthcare fraud proceeds and underreporting his income from the conspiracy.

Mark Thompson, the head of the Serious Fraud Office proceeds of crime division, said: "The SFO is committed to ensuring that fraudsters do not retain the benefit of their crimes.

2) Fighting Fraud and Proceeds of Crime.

He was involved in investigating fraud, and proceeded to pass along documents that exposed the beneficiaries of a tax fraud initially uncovered by Sergei Magnitsky, a lawyer who was arrested and died after being denied medical care and reportedly beaten in a Russian prison.

Moreover, Mr. Dassin disclosed that the government intended to seek at least $170 billion in forfeited assets from Mr. Madoff, a remarkable figure that apparently counts all the money that moved through Madoff bank accounts during the years of the fraud as the proceeds of illegal activities.

But these days if you engage in almost any financial transaction with the proceeds of mail fraud, wire fraud, bank fraud, health care fraud or environmental crimes, you could be charged with money-laundering, which carries a maximum 20-year sentence.

In 2010, the Supreme Court ruled that a civil suit contending securities fraud could not proceed because the law did not apply to foreign transactions.