U.S. Attorney Announces The Arrest Of 3 Individuals For Operating A $6 Million Unlicensed Money

U.S. Attorney Announces The Arrest Of 3 Individuals For Operating A $6 Million Unlicensed Money Transmitting Scheme


Geoffrey S. Berman, the United States Attorney for the Southern District of New York, William F. Sweeney Jr., Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), and Carl E. Dubois, Sheriff of Orange County, announced the arrest today of CHASKEL LANDAU, ALTER LANDAU, and JOSEPH NEUMAN in connection with a multimillion-dollar scheme to operate an unlicensed money transmitting business for the purpose of transmitting proceeds derived from illegal activity. The defendants are scheduled to appear before U.S. Magistrate Paul E. Davison in federal court later today.

Manhattan U.S. Attorney Geoffrey S. Berman said: “The defendants allegedly engaged in a brazen scheme to unlawfully transmit and conceal millions of dollars of proceeds that they believed to be derived from illegal activity. They allegedly did so for personal profit and with the aim of avoiding law enforcement detection. This Office is committed to rooting out such criminal activity.”

FBI Assistant Director William F. Sweeney Jr. said: “Making money illegally is criminal in and of itself, but operating an unlicensed money remitting business, especially from outside of the United States, will almost certainly result in federal criminal charges. Whenever someone needs to hide and move money, there’s a pretty good chance something’s afoot. The FBI is committed to working with our law enforcement partners to ensure this type of behavior ceases to exist.”

Sheriff Carl E. Dubois said: “We continue to work closely with the FBI and our other federal partners, and the success of this long term investigation is proof of the benefits in these relationships. Illegal financial systems pose a great risk to our residents and their financial institutions. Law enforcement must continue work together to deter criminals from operating and engaging with organizations that allow them to evade banking regulations.”

Read more: https://www.justice.gov/usao-sdny/pr/us-attorney-announces-arrest-3-individuals-operating-6-million-unlicensed-money