DOJ Case: Former Bank CEO Sentenced to Over 9 Years in Prison for Multimillion-Dollar Wire Fraud Conspiracy and Venezuela Sanctions Evasion Scheme

DOJ Case: Former Bank CEO Sentenced to Over 9 Years in Prison for Multimillion-Dollar Wire Fraud Conspiracy and Venezuela Sanctions Evasion Scheme

📣For BSA/AML and Fraud professionals, several aspects of this U.S DOJ’s case are particularly relevant: Tomás Niembro Concha, former CEO of Nodus International Bank (a Puerto Rican international bank), was sentenced to 112 months (over 9 years) in prison and three years of supervised release, plus an order to forfeit over $16.9 million. He pleaded […]