An official website of the United States Government
Four federal law enforcement agencies coordinated an investigation of a long-running fraud conspiracy that netted its participants more than $15 million in illicit proceeds. The ringleader, a retired financial executive, and a friend concocted a scheme to use nominee buyers to purchase greater…
Newsroom
Members of the media may email inquiries or interview requests to press@fincen.gov.
If you are not a member of the media, please visit the FinCEN contact page.
Case Examples
Case summary: A lawyer and his paralegal assistant devised a scheme to defraud multiple credit card companies through a bankruptcy filing as a means to fund a real estate purchase. The pair structured the fraudulent proceeds through multiple banks to disguise the funds' origins. Although the…