Jul 22, 2017

Pele's son back in jail for 12-year sentence

A son of Brazilian soccer legend Pele has returned to jail to serve a sentence of more than 12 years on drug trafficking and money laundering charges. A Brazilian court Friday ordered Edson Cholbi do Nascimento returned to jail after turning down his appeal. He is ...

IOC to probe payments on voting for Rio Games

Mar 4, 2017

IOC to probe payments on voting for Rio Games

Organizers of the 2016 Rio Olympics denied on Friday that vote buying helped to secure the games after a French newspaper reported that a Brazilian businessman made payments to the son of an International Olympic Committee member before the vote. Le Monde said a company ...

Sep 29, 2016

U.S. cutting off North Korea's sources of foreign currency

The United States is focusing on cutting off North Korea's foreign currency sources to increase pressure on Pyongyang to abandon its nuclear program, a senior State Department official said Tuesday. "We're focusing our efforts on cutting off sources of revenue for the regime's unlawful nuclear ...

Jun 2, 2016

U.S. designates North Korea a 'primary money laundering concern'

The United States on Wednesday proposed new restrictions to close off North Korea's access to the international financial system and to prevent the reclusive communist country from using banks to launder money that could be used for its nuclear weapons program. The Treasury Department declared ...