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Money Laundering

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Minnesota Man Pleads Guilty To Money Laundering

A 30-year-old Minneapolis man has pleaded guilty to conspiracy to commit money laundering after $200,000 was found in his trunk during a traffic stop in northern Idaho in January 2013.

15 hours ago

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Man Pleads Guilty To Embezzling Army Funds To Buy Car, Tropical Home

A man pleaded guilty in a St. Paul federal court Thursday to theft and laundering of more than $400,000 from the United States Military, which he used to buy a car and a home in the Philippines. According to the U.S. Attorney’s office, Michael Craig Miller admitted to embezzling the money in 2006 from the United State Military Medical Material Agency while an employee of EXP Pharmaceutical in Fremont, Cali., a company which returns unused medicine back to vendors and manufacturers.

05/01/2014

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Petters Fundraiser Vennes Sentenced To 15 Years In Prison

Frank Elroy Vennes Jr. was sentenced to 180 months in prison on Friday, in connection with fraudulently raising money through hedge funds for investment in Petters Company. Vennes was a long-time associate of Thomas J. Petters, the Minnesota businessman convicted in 2009 of orchestrating a $3.65 billion Ponzi scheme.

10/18/2013

Prison, Amy Senser

Former Christian Radio Host Sentenced For $194 Million Ponzi Scheme

The fourth man convicted in a $194 million Ponzi scheme – the second largest in Minnesota history – was sentenced Monday to 240 months in federal prison. According to the U.S. Attorney General’s office, 75-year-old Patrick Kiley of Burnsville was convicted last June of 12 counts of wire and mail fraud, one count of conspiracy to commit mail and wire fraud and two counts of money laundering. Kiley – along with ring leader Trevor Cook, Jason Bo-Alan Beckman, Gerald Joseph Durand and Christopher Pettengill – were all solely and jointly ordered to pay $155,359,411 in restitution to their victims.

07/15/2013

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St. Paul Woman Pleads Guilty To Money Laundering For ID Theft Ring

A 44-year-old woman pleaded guilty Thursday to receiving $600 in connection with a multi-state identity theft ring that stole about $2 million from retail stores and financial institutions, the Department of Justice said.

07/12/2012

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Man Pleads Guilty To Transporting Stolen Gem Stones

A 39-year-old Zumbro Falls man pleaded guilty in Minneapolis Federal Court Tuesday to money laundering, transporting stolen gem stones and conspiring to distribute more than 1,000 kilograms of marijuana.

01/31/2012

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Minn., IRS Hold Class On Avoiding Money Laundering

Minnesota and IRS officials are schooling those who handle the cash on how to avoid money laundering.

09/14/2011

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Minnesota Man Charged In $20M Investment Scams

A Twin Cities man with a prior fraud conviction has been indicted for running four investment scams that bilked investors out of more than $20 million.

04/15/2011

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