Epoch Times ex-CFO pleads guilty in $67M scheme
#EpochTimes #MoneyLaunderingA top Epoch Times executive, Weidong “Bill” Guan, pleaded guilty to conspiracy in a $67 million fraud scheme involving laundered unemployment benefits. He faces up to 10 years in prison, apologizing for his “tremendous lapse in judgment.” read more
Louis Vuitton Fined in Dutch Money Laundering Probe
#LouisVuitton #MoneyLaunderingLouis Vuitton's Dutch arm will pay €500,000 to settle a money laundering case. Prosecutors said it failed to properly identify customers spending large cash sums, linked to a woman suspected of laundering over €2 million in criminal proceeds. read more
Deutsche Bank Raided in Money Laundering Probe
#DeutscheBank #MoneyLaunderingGerman investigators raided Deutsche Bank offices in Frankfurt and Berlin over suspected money laundering. The probe targets unknown employees and prior foreign business relationships. The bank is cooperating with authorities ahead of its earnings report. read more