Category Archives: Business Law

Information about legal issues affecting small businesses, including big business. The latest news, videos, and discussion topics on Legal Issues involving business and money.

‘I’ll put him in the ground right in front of his wife and kids’: Mafia crime boss arrested in Charlotte, authorities say

CHARLOTTE, N.C. (WBTV) – A 75-year-old mafia boss was arrested in Charlotte and charged with multiple crimes including racketeering as several other members of the Colombo crime family were arrested in New York and New Jersey Tuesday, authorities said.

According to the U.S. Department of Justice, Vincent “Vinny Unions” Ricciardo, 75, was arrested and will be arraigned before United States Magistrate Judge David C. Keesler in federal court in Charlotte.

In federal court in Brooklyn, a 19-count indictment was unsealed charging 14 defendants, including 10 alleged members and associates of the Colombo crime family of La Cosa Nostra and a member of the Bonanno organized crime family, with various offenses including labor racketeering involving multiple predicate acts of extortion conspiracy, attempted extortion and extortion, extortionate collection of credit conspiracy, extortionate collection of credit and money laundering conspiracy, prosecutors said.

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Chinese immigrant in money-laundering ring: Didn’t know $24 million I picked up was from cartels

Sui Yuet Kong got 40 months in prison for her role in a Chinese operation moving U.S. drug proceeds to China, then to the Mexican cartels that sold the drugs in Chicago and New York.

When she got busted after picking up $24 million in parking lots from strangers in Chicago and New York over more than a year, a Chinese immigrant involved in a money-laundering scheme told federal investigators she never suspected she was helping launder drug proceeds.

According to federal prosecutors in Chicago, though, Sui Yuet Kong was part of a “relatively small network of Chinese expatriate money brokers and couriers based in Mexico and the United States [who] have come to dominate international money-laundering markets” and launder drug money.

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El Chapo’s Wife Pleads Guilty To Helping Run The Global Drug Cartel

Emma Coronel Aispuro, the wife of Mexico’s most notorious drug kingpin, Joaquin “El Chapo” Guzmán,pleaded guiltyThursday to helping him run the powerful Sinaloa cartel.

Coronel was captured and arrested by U.S. officials as she arrived at Dulles International Airport in Virginia in February.

The former beauty queen appeared before a federal judge in Washington, D.C., on Thursday morning and pleaded guilty to participating in a conspiracy to distribute cocaine, methamphetamine, heroin and marijuana for importation into the U.S., according to the Justice Department.

She also pleaded guilty to one count of conspiring to launder narcotics profits and another count of engaging in illegal financial dealings related to her husband’s property.

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Biden Promised Criminal Justice Reform, But Still Hasn’t Repealed One of Trump’s Worst Policies

Civil asset forfeiture is big government at its worst.

Tonya Smith and her husband, Dimitrios Patlias, went to a casino in Maryland a few years ago and struck luck. They took their winnings and headed for dinner at another casino in West Virginia, but they never made it. On their ride over, they were stopped by police and forced to exit their car. Smith, who was 34 weeks pregnant at the time, was placed in handcuffs along with her husband as cops searched their car with dogs. Officers then questioned them about a slew of illegal activities: drugs, guns, smuggling untaxed cigarettes, gift-card fraud.

Ultimately, nothing illegal was found in the vehicle and they were allowed to leave with just a warning citation for crossing into another lane—but not before cops robbed them of the gift cards, an iPhone, and the $10,478 cash in their possession.

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Turkish mafia boss dishes dirt, becomes YouTube phenomenon

ANKARA, Turkey (AP) — From alleged drug trafficking and a murder cover-up to weapons transfers to Islamic militants, a convicted crime ringleader has been dishing the dirt on members of Turkish President Recep Tayyip Erdogan’s ruling party through a series of tell-all videos that have captivated the nation and turned him into an unlikely social media phenomenon.

Sedat Peker, a 49-year-old fugitive crime boss, who once openly supported Erdogan’s Justice and Development Party, has been releasing nearly 90-minute long videos from his stated base in Dubai, United Arab Emirates, making scandalous but yet-unproven drip-by-drip allegations, in an apparent bid to settle scores with political figures.

The weekly YouTube videos have been viewed more than 75 million times, causing an uproar, heightening concerns over Turkish state corruption and putting officials on the defensive. They have also exposed alleged rifts between rival factions within the ruling party and added to Erdogan’s troubles as he battles an economic downturn and the coronavirus pandemic.

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