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Australia, Financial Crime, Fraud

NEWS: Australian police accuse ex-cop of leading $190M money laundering scheme – report

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By PAUL O’DONOGHUE, Senior Correspondent

AUSTRALIAN police have accused Michael Featherstone, a former Queensland detective, of running a $190 million (US$ 123 million) money-laundering network, according to reports.

Mr Featherstone, once a fraud squad officer and later a private investigator, allegedly coordinated the operation, according to court filings by the Australian Federal Police (AFP).

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LATEST: German real estate developer arrested over alleged ‘multi-million euro’ fraud

 Premium

NEWS: Crypto worth up to €360 million seized by Ireland’s Criminal Assets Bureau in textbook fincrime ‘deny, deprive’ initiative

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INSIGHT: How UBS helped Epstein accomplice Ghislaine Maxwell buy her hideout

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