LexisNexis® Legal Newsroom
Real Estate Business Owners And Title Company Executive Indicted In Multi-Million Dollar Mortgage Fraud Scheme

Federal authorities have arrested three business owners and a title company executive in connection with a mortgage fraud scheme that involved approximately 800 real estate properties and about $45 million in loans. The two-count indictment charges 58–year-old Stephen Mark Hilliard, owner of...

Corporate Corruption Case Charged With Swiss Bank Accounts to Hide the Loot

According to a DOJ press release here (emphasis supplied by JAT): Asem Elgawhary, the former principal vice president of Bechtel Corporation and general manager of the Power Generation Engineering and Services Company (PGESCo), was indicted by a grand jury in Maryland on charges that he defrauded...

The Role of Hawala and Other Similar Service Providers in Money Laundering and Terrorist Financing

In December 2013 the Financial Action Task Force (“FATF”) published a report on the role of Hawala and other similar service providers (“HOSSPs”) in money laundering and terrorist financing. Many countries view HOSSPs as essential to unbanked countries with limited financial systems...