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Money Laundering › Loans

ArentFox Schiff

Investigations Newsletter: Trio Sentenced to Eight to 15 Years in Prison for Laundering Proceeds of Telephone Scam

ArentFox Schiff on

Trio Sentenced to Eight to 15 Years in Prison for Laundering Proceeds of Telephone Scam - Following a jury trial, three individuals were convicted of a money laundering conspiracy and sentenced to eight, 10, and 15 years...more

Allen Matkins

Judge Rules That A Front For Mexican Cartel Had The Capacity To Protect Its Own Interests

Allen Matkins on

California Corporations Code Section 25118(b) provides an exemption from the state's usury limitations for loans.  The exemption is subject to several conditions.  One condition is the existence of either a preexisting...more

Arnall Golden Gregory LLP

Update: The Growing Wave of PPP Loan Prosecutions

Arnall Golden Gregory LLP on

As the pandemic slowly recedes, leaving a host of hastily-enacted funding and programs in its wake, the government’s recovery and clean-up efforts are well underway. In April and May 2021, the Department of Justice (DOJ)...more

Ballard Spahr LLP

Banking Regulators Issue Exemption from CIP Requirements for Premium Finance Loans

Ballard Spahr LLP on

The Federal Banking Agencies (“FBAs”) — collectively the Office of the Comptroller of the Currency (“OCC”); the Board of Governors of the Federal Reserve System (“Federal Reserve”); the Federal Deposit Insurance Corporation...more

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