Federal authorities on Thursday slapped new financial reporting rules on 2,000 businesses in the Fashion District of Los Angeles in an effort to curtail suspected Mexican drug money laundering after massive amounts of cash were seized in a raid.
Federal authorities Wednesday arrested nine people and seized approximately $65 million in cash in a massive sweep of the Fashion District that targeted money laundering for Mexican drug cartels.
A U.S. attorney’s statement says 45-year-old Marc Peter Willems entered the plea to federal drug trafficking and money laundering charges in L.A. Wednesday.
Dr. Andrew Sun, 78, of La Mirada was found guilty of illegally distributing painkillers like Norco, Hydrocodone and Vicodin.
A Los Angeles-based doctor surrendered Thursday to federal authorities after being indicted on charges that he had illegally distributed drugs, including painkillers that are considered to be powerful and addictive.
The top prosecutors from five U.S. states have signed an agreement with the National Banking and Securities Commission of Mexico to fight the illegal transfer of money across international boundaries.
Adam Boskovich, of Laguna Niguel, has surrendered on a warrant to face charges of cheating 80 Orange County investors out of millions of dollars.
The frontman of the Los Angeles rock band Lights Over Paris was sentenced to seven years in prison Monday after bilking more than $11 million from banks and using it to fuel his fantasy of being a rock star, prosecutors said.
A Northridge man was sentenced Friday to more than three years in prison for his role in a scheme to fraudulently bill Medicare and Medicaid more than $21 million for medical tests at New Orleans-area clinics.
The co-owner of a Los Angeles County toy company was sentenced Monday to eight months in prison for her role in a money laundering scheme that prosecutors say involved millions of dollars in Colombian and Mexican drug money.
In the 1980s and early 90s, Jemeker Thompson-Hairston was one of the biggest drug dealers in Los Angeles. Seven years after her release from prison, she has turned her life around, founding a ministry and detailing her journey from drugs and money laundering to faith in a new memoir.
Two Canadians were arrested on suspicion of selling marijuana and ecstasy in the U.S. and spending the proceeds on cocaine they planned to smuggle to Canada, federal authorities said Friday.
Two Southern California men have been indicted for allegedly defrauding Lionsgate Entertainment out of $2 million in a kickback scheme involving the purchases of cardboard advertising displays.
Authorities say a 70-year-old Southern California woman and her son are among four people indicted for money laundering as part of a narcotics scheme to send a powerful and often-abused cough syrup from California to Texas, where it was sold for the street concoction “purple drank.”
A Bel-Air man who declared bankruptcy, then hid his assets and threatened a process server with a golf club, was sentenced Tuesday to nearly six years behind bars.