MILLIONS OF DOLLARS GENERATED THROUGH CRIMINAL ACTIVITY

WHERE DOES ALL THE MONEY GO?

California AG, authorities announce sentence for defendants in major retail crime case in San Mateo County | KRON4

Five people charged with conspiracy, organized retail theft, possession of stolen property, and charging enhancements for aggravated white-collar crime. Mass theft of over $8 million dollars in over-the-counter drugs and merchandise stolen in the U.S. and sold overseas.  One of the major cases happened in Walnut Creek Ca when 80 people raided a Nordstrom and a San Jose jewelry store. It was the target of smash and grab burglars.

California Attorney General Rob Bonta said that when Sheriff’s Deputies and State Department of Justice Agents searched a Concord warehouse and storage units, they found massive amounts of merchandise stolen from retail thefts of stores like CVS, Target and Walgreens as well as commercial burglaries, resident burglaries and auto burglaries. The stolen goods are sent offshore and converted into legitimate revenue.

Human Trafficking Gang Washed Millions Through Hard Rock Tampa: Feds

A violent human trafficking gang smuggled more than 100 Mexican and Central American laborers into the U.S. to work in “brutal conditions” on farms in Georgia, Florida, and Texas, federal prosecutors said this week. Victims were kept in horrendous conditions, some were raped, kidnapped, and beaten, and their lives and the lives of their families were threatened. This transnational Criminal Organization generated more than $200 million through exploitation. Much of it was laundered by buying and selling commercial properties and millions of dollars were laundered through the Hard Rock Casino in Tampa.

The Bicycle Casino Fined $500K for Federal Anti-Money Laundering Violations

The Bicycle Casino in Bell Gardens, California, was fined $500,000 by federal authorities on Friday for failing to file proper anti money laundering reports. The Bycycle Casino failed to report a Chinese national high roller who visited the casino about 100 times during a nearly 8 month stretch in 2016. The high roller employed an assistant who handled more than $100 million in cash transactions at the casino.

Members of hacking group sentenced for stealing millions in cryptocurrency

An international hacking group stole millions of dollars in cryptocurrency. Six members were sentenced in connection with a multi-million-dollar SIM hijacking conspiracy. Criminals do not have to be on U.S. soil to exploit victims and they laundered nearly $20 million dollars out of the country. SIM hijacking or SIM swapping is an identity theft technique that exploits mobile phone numbers resulting in text messages controlled by “The Community”. Once “The Community” had control of a victim’s phone number it was leveraged as a gateway to control online accounts such as email, cloud storage and cryptocurrency exchange accounts. “The Community’s” scheme resulted in the theft of tens of millions of dollars’ worth of cryptocurrency.