Financial Crimes Unit

PP Blog Tag archives on references to "Financial Crimes Unit."

President Raises Piracy Issue In State Of The Union Address Just Days After Justice Department Brings Megaupload Copyright-Infringement Case; Overall Fraud Battle Will Expand, Obama Tells Nation

President Raises Piracy Issue In State Of The Union Address Just Days After Justice Department Brings Megaupload Copyright-Infringement Case; Overall Fraud Battle Will Expand, Obama Tells Nation

Speaking to the nation in his State of the Union address to Congress, President Obama last night referenced U.S. efforts to combat piracy. Although the remarks were in the context of battling knock-off goods that infringe trademarks and affect American manufacturing jobs, Obama delivered the message just days after the Justice Department brought racketeering and […]

BULLETIN: OLINT’S David A. Smith Pleads Guilty In $220 Million Ponzi Scheme; International Forex Caper Laundered $128 Million, Feds Say

BULLETIN: OLINT'S David A. Smith Pleads Guilty In $220 Million Ponzi Scheme; International Forex Caper Laundered $128 Million, Feds Say

BULLETIN: David A. Smith, who presided over a $220 million Forex fraud known as OLINT, has pleaded guilty in U.S. District Court for the Middle District of Florida. Smith, 41, is a citizen of Jamaica. He “executed a Ponzi scheme to defraud over 6,000 investors located in the Middle District of Florida and elsewhere out […]