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money laundering

Clarissa Hawes Thursday, January 28, 2021

Trucking company owners among 6 indicted in PPP loan fraud scheme

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 […]

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Brian Bradley Thursday, September 5, 2019

Senator’s white paper suggests distributed ledger to stop trade-based 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 […]

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