In an unprecedented case, federal prosecutors have charged a Miami
man with engaging in a massive money-laundering operation that moved
millions stolen from the federal Medicare program into Cuban banks.
Prosecutors
say Oscar Sanchez, 46, was a key leader in a group that funneled $31
million in Medicare dollars into banks in Havana — the first such case
that directly traces money fleeced from the beleaguered program into the
Cuban banking system.
Most of the money moved through an
intricate web of foreign shell companies before ending up in Cuba, to
avoid being detected in the United States, said investigators.
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1 comment:
Poor choice of countries.
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