The former compliance officer for money transfer company MoneyGram must pay $250,000 — the largest such fine imposed — to settle allegations that he personally failed to stop consumers from becoming victims of fraud. [More]
money laundering
Former MoneyGram Executive To Pay Record Personal Fine To Settle Money Laundering Accusations
By 5.5.17 — Updated: 5.9.17
Here’s What $20M Cash Stuffed Inside A Box Spring Looks Like
By 1.24.17
It is a rule universally acknowledged in crime writing that if you stash your ill-gotten gains under the mattress, someone is eventually going to find it. Just like the $20 million in cash hidden in a box spring that federal agents found in Massachusetts this week. [More]
Former Macy’s Employee Pleads Guilty To $3.5M Mail Fraud, Kickback Scheme
By 7.12.16
A Florida man could spend up to 30 years in prison after pleading guilty to taking part in a million-dollar, years-long shipping and kickback scheme involving his former employer Macy’s. [More]
Offshore Gambling Operation Accused Of Laundering $2M Using Amazon Gift Cards
By 3.15.16
Amazon gift cards aren’t just for buying stuff online anymore: according to a Department of Homeland Security investigator, they’re also the method of choice for an offshore gambling website’s money laundering operation. [More]
Report: HSBC To Pay $1.9 Billion To Wash Away Money-Laundering Claims
By 12.10.12
Remember earlier this year when a Senate investigation found that HSBC had effectively turned its head while customers laundered billions of dollars for drug cartels and other illegal entities? Well, it looks like the bank will be hit with a record-setting settlement of $1.9 billion over the mess. [More]
Report: The Government Is Going To Start Busting Heads Over Money-Laundering At Big Banks
By 9.17.12
If big banks weren’t at the root of so many problems, maybe we’d be starting to feel the tiniest bit bad for all the trouble they’ve been getting into lately with authorities. But yeah, we don’t feel the slightest twinge of sympathy that regulators are reportedly about to start cracking down on a few big banks for money-laundering. [More]
Report: HSBC Will Tell Senate How Super Sorry It Is For Money Laundering
By 7.12.12
HSBC is reportedly all set to air its dirty laundry to a Senate subcommittee next week and will apologize to authorities for allowing money laundering to go on under its own roof. Get it off your chest, HSBC. It’ll feel so much better after you do. [More]
The Benefits Of Making Your Own Laundry Detergent
By 12.16.11
Back in April, we talked about making your own laundry detergent. Gather washing soda, grated bar soap, borax and boiling water and you can avoid the store-bought stuff. Whether or not it’s worth making the product yourself is up for debate. [More]
Congrats! You're Hired! (To Be An Advance Fee Fraud Victim)
By 4.4.09
Are you a fast worker? Can you cash checks drawn on your name? File monthly reports on your preformed tasks? How would like a job in the exciting and burgeoning field of being an advance-fee fraud victim? Positions are available, and filling fast. Here’s the hot job offer reader Joel got emailed:
Here's What The World Of ATM Hacking Looks Like
By 6.26.08
Wired has been covering the ongoing investigation into recurring ATM pin thefts from Citibank accounts, and their latest article tracks how Ukrainian immigrants, a ringleader back in Russia, a hacked company named Fiserv that runs Citibank-branded ATMs in 7-Elevens, and an online payment service that also offers money laundering for a small fee all come together to steal your money. It’s an amazing look at how the U.S. tries to combat the threat of ATM-related theft.
Wachovia Now Being Investigated For Drug Money Laundering
By 4.28.08
Wachovia, you old rascal! As soon as you wrap up one unsavory scandal, a new possible scandal comes to light. U.S. justice authorities are investigating the bank for possible money laundering through Mexican and Colombian money-transfer businesses. The Wall Street Journal reported on Saturday that “the bank is possibly facing a deferred-prosecution agreement with the US Department of Justice that would subject it to ‘extensive federal oversight,'” but Wachovia denies that any such discussion has taken place.
Enzyte's Steve Warshak (And His Mom) Found Guilty!
By 2.23.08
Hooray! Steve Warshak, the snake oil salesman responsible for Enzyte (and consequently for those awful “Smiling Bob” ads) was found guilty today of conspiracy to commit mail fraud, bank fraud, and money laundering. So was his mom.
WaMu Is Bad At Stopping Money Laundering
By 10.19.07
The Office of Thrift Supervision has issued a Cease and Desist order to WaMu because they’re extremely crappy at stopping money laundering. According to the order, they must get their act together and file a new plan that insures they will be in compliance with the Bank Secrecy Act by March 31, 2008.
