Money Laundering - Providence Business News

Cranston man sentenced 4 years for laundering $35M as ‘virtual CFO’

Economic Activity 09/22/2025

BOSTON – A Rhode Island man has been sentenced to four years in prison for laundering more than $35 million in client fraud proceeds...

A BRITISH national from Northern Ireland admitted to a federal judge that he participated in multistate construction and money laundering scheme and that he provided false information to gain entry into the United States, said Acting U.S. Attorney for Rhode Island Sara M. Bloom. / COURTESY U.S. DISTRICT COURT

British national admits role in construction, money laundering scheme

Government 06/13/2025

PROVIDENCE – A British national from Northern Ireland admitted to a federal judge that he participated in multistate construction and money laundering scheme and...

Cranston man pleads guilty to laundering $35M in fraud proceeds as...

Government 05/13/2025

BOSTON – A Rhode Island man pleaded guilty to laundering more than $35 million in fraud proceeds through his accounting and “virtual CFO” business, U.S....

British national federally indicted in construction, money laundering scheme

Government 02/28/2025

PROVIDENCE – A federal grand jury in Rhode Island has indicted a British national from Northern Ireland for participating in multistate construction and money...

Embattled TD Bank unloads entire ownership in Charles Schwab

Financial Services 02/24/2025

TORONTO – TD Bank Group has sold its entire stake in Charles Schwab Corp. – it had owned 10.1% of Schwab's shares – raising...

Pawtucket resident convicted of running international money laundering scheme

Government 01/24/2025

PROVIDENCE – A Ghanaian national residing in Pawtucket has been convicted for running an international money laundering scheme, U.S. Attorney for Rhode Island Zachary...

TD Bank to pay $3B in historic money-laundering settlement with the...

Economic Activity 10/10/2024

WASHINGTON (AP) – TD Bank will pay approximately $3 billion in a historic settlement with U.S. authorities who said Thursday that the financial institution's lax...