As COVID-19 shut down businesses in the early days, criminal enterprises sought new ways to launder money, and that led them to e-commerce.
Trucking owner Keith McConnell, 43, of Carlisle, Pennsylvania, is facing federal charges after prosecutors claim he used PPP funds for personal use.
Christen Diane Schulte, 35, of Washington, Missouri, was sentenced to six years and eight months in federal prison for embezzling more than $700,000 from a family-owned trucking company and farm.
Six people, including the owners of two defunct trucking companies, face multiple charges after federal prosecutors claim they submitted fraudulent loan applications to obtain $1.5 million in funds through the U.S. Small Business Administration’s Paycheck Protection Program (PPP). The U.S. Department of Justice said Thursday that it has charged Rodericque Thompson, 43, of Atlanta, Micah […]
A Feb. 5 sentencing date has been set for a bookkeeper who pleaded guilty to devising an elaborate scheme to defraud a family-owned trucking company and farm in Missouri out of more than $700,000. Christen Diane Schulte, 34, of Washington, Missouri, pleaded guilty in August to wire fraud, bank fraud and money laundering charges in […]
A federal grand jury indicted reality TV star and trucking company owner Maurice Fayne, aka “Arkansas Mo,” charging him with wire fraud, bank fraud and money laundering.
A white paper released Sept. 4 by Sen. Bill Cassidy, R-La., raises concern with the ability of the federal government to combat trade-based money laundering (TBML) and suggests that a public distributed ledger system could be used to prevent such money laundering. “There needs to be real-time coordination and reviewable connections between the agency handling […]
