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Money Laundering SchemeU.S. Department of Justice
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72% Informative
Manuel Chang , 68 , of Mozambique , received $7 million in bribes in exchange for signing guarantees to secure funding for three loans for maritime projects.
As part of the scheme, Chang and his co-conspirators falsely told banks and investors that the loan proceeds would be used for the projects and not to pay bribes to government officials.
He faces a maximum penalty of 20 years in prison on each count.
Criminal Divisionâs Fraud Section is responsible for investigating and prosecuting Foreign Corrupt Practices Act (FCPA) and Foreign Extortion Prevention Act ( FEPA ) matters.
MLARSâ Bank Integrity Unit investigates and prosecutes banks and other financial institutions, including their officers, managers, and employees.
VR Score
81
Informative language
86
Neutral language
23
Article tone
formal
Language
English
Language complexity
74
Offensive language
possibly offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
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