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Money Laundering

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ATLANTA (AP) — It took less than two hours Thursday for jurors to decide that Georgia's suspended insurance commissioner was indeed a “fraudster” and not an innovator, as they convicted Jim Beck on 37 criminal counts relating to more than $2.5 million he embezzled from his former employer.

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ATLANTA (AP) — Georgia's suspended insurance commissioner testified at his federal fraud trial Tuesday, saying he oversaw valuable work for his former employer and that hundreds of thousands of dollars that flowed to an entity he controlled was not part of a scam.

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ATLANTA (AP) — Suspended Georgia Insurance Commissioner Jim Beck improperly took money from the private insurer he led and used it to buy campaign signs when the Republican ran for office in 2018, a witness testified Friday in Beck’s trial.

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ATLANTA (AP) — Sonya and Steve McKaig were close friends with Jim Beck until they got a look at the evidence that federal investigators had gathered against the now-suspended Georgia insurance commissioner. Then the friendship ended with the McKaigs saying they learned Beck was embezzling.

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LAS VEGAS (AP) — Federal law enforcement officials said Wednesday that they dismantled a key international cocaine and money-laundering hub in an ongoing investigation that began six years ago in Las Vegas and has involved more than 30 other countries.

ATLANTA (AP) — Prosecutors want jurors to conclude that suspended Georgia Insurance Commissioner Jim Beck was running a $2 million scam to bilk money from the property insurer he led before being elected. Defense attorneys say Beck was actually an innovative executive who led the Georgia Underwriting Association to strong profits and that prosecutors don't understand Beck's innovations.

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NEW BERN, N.C. (AP) — A Russian national living in North Carolina who had been accused by authorities of involvement in a $150 million kickback scheme while working for a Russian military contractor was hand a five-year prison sentence Friday after his earlier guilty plea on unrelated bribery and visa fraud charges.

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