Fraud Signs Found At Charities Tied To Money Launderer
Law360, London (July 9, 2019, 6:48 PM BST) -- The U.K.'s charity regulator said Tuesday it found signs of fraud and mismanagement at charities run by a man recently convicted of laundering £10 million ($12.4 million) through the organizations that came from the illegal sale of prescription and counterfeit drugs.
The Charity Commission said it has been unable to tell the public about its investigation into the charities, first opened in June 2014, because of concerns that such an announcement would prejudice the resulting criminal proceedings.
Last week the administrator for the group of charities, Edward Cohen, 67, was sentenced to nine years and nine months for laundering the ill-gotten...
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