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Man Admits In NY To Laundering Millions From Fraud Schemes Targeting Victims Across US Man Admits In NY To Laundering Millions From Fraud Schemes Targeting Victims Across US
Man Admits In NY To Laundering Millions From Fraud Schemes Targeting Victims Across US A 36-year-old man has pleaded guilty in New York to a charge related to a money-laundering scheme involving the theft of tens of millions of dollars. Fred Asante, of Virginia, pleaded guilty on Wednesday, Feb. 16, to conspiracy to commit money laundering, according to Damian Williams, the United States attorney for the Southern District of New York. He was arrested on Feb. 17, 2021, Williams reported. “Fred Asante admitted today to laundering money from victims of various fraud schemes, including cruel scams targeting elderly online daters searching for companionship," Williams said. …

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by Nicole Valinote
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Chocolate Price Hike Could Be Coming: 'Cocoa Cartel' Nations Agree On Increase Chocolate Price Hike Could Be Coming: 'Cocoa Cartel' Nations Agree On Increase
Chocolate Price Hike Could Be Coming: 'Cocoa Cartel' Nations Agree On Increase The “cocoa cartel” may be coming to cause the cost of chocolate to spike nationwide, according to reports. A new report from the Wall Street Journal found that two countries that control 60 percent of the worldwide cocoa supply - dubbed the “cocoa cartel” - may soon drive up the cost of chocolate products around the globe. The report states that the Ivory Coast and Ghana are teaming to charge hundreds of dollars more per metric ton of cocoa, which will be put in place later this year. The “cocoa cartel” is expected to charge approximately $400 extra per metric ton, a 16 percent increase. I…

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by Zak Failla
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Westchester Consulting Firm Owner Sentenced For Defrauding Investors Westchester Consulting Firm Owner Sentenced For Defrauding Investors
Westchester Consulting Firm Owner Sentenced For Defrauding Investors The owner of a consulting firm in Westchester is heading back to prison for more than four years after admitting to defrauding investors out of nearly a million dollars. Somers resident Douglas Castle, who already served time in prison for bilking investors in 2003, has been sentenced to 50 months behind bars after pleading guilty to wire fraud on July 26 in White Plains federal court. On June 25, 2003, Castle was sentenced in federal court to 34 months in prison and three years of supervised release for his conviction on an investment fraud scheme that caused investor losses of over $1.2 m…

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by Zak Failla