Tag Archives: Money laundering

Real estate agent, wife charged with stealing $500K from lodge

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If convicted, the couple could face a maximum penalty of more than 12 years in prison and a $25,000 fine on each count. Continue reading →

Real estate company owner hit with $1.7M tax lien, fraud charges

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The tax lien is the latest in a legal saga that began late last year with a 16-count federal indictment for bank fraud and money laundering related to the pandemic-era Paycheck Protection Program. Continue reading →

Judge blocks new real estate anti-money laundering rule

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A Texas district judge has ruled in favor of a title company owner who said the new rule violated her Fourth Amendment rights. Continue reading →

Elderly homeowners targeted in ‘massive’ title fraud conspiracy

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The alleged conspirators are accused of using the victims’ identities to secure millions in hard money loans using residential property as collateral. Continue reading →

Utah mom found guilty of murdering her husband to keep real estate deals afloat

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The real estate agent and investor was found guilty of murdering her husband for financial gain after taking out millions in hard money loans. Continue reading →

New anti-money laundering rule for cash purchases is now in effect

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Under the new rule, when a legal entity or trust purchases a piece of residential real estate without the use of financing, closing or settlement agents must report details of the transaction. Continue reading →

Did this mom of 3 murder her husband to support her real estate habit? A Kouri Richins FAQ

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As real estate pro Kouri Richins goes on trial for the murder of her husband, learn more about the wheeling and dealing that may lie behind the motive. Continue reading →

ATTOM data tool sniffs out true ownership of properties in LLCs

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The “Transparent Owner” tool is becoming available as the Financial Crimes Enforcement Network, or FinCEN, prepares to crack down on money laundering in residential real estate. Continue reading →

Florida broker arrested for laundering son’s escort profits

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After 24 years of running an illegal escort service, mother-son crime duo Margareta von Lambert and Christopher Jelavic have been busted for using von Lambert’s real estate and art businesses to launder their profits. Von Lambert, 70, and Jelavic, 48, … Continue reading →

Treasury finalizes new rules for luxury cash sales reporting

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Treasury Secretary Janet Yellen said the new reporting rules will “close critical loopholes in the U.S. financial system” that had allowed criminals to launder money through all-cash residential real estate transactions. Continue reading →