From The Miami Herald:
Feds: Remittance firm at center of Medicare-Cuba laundering scam
Federal prosecutors named Caribbean Transfers as the financial backer that sent millions of dollars to Cuba as part of a Medicare-fraud scheme.
An offshore remittance company called Caribbean Transfers financed a complex money-laundering ring that moved more than $30 million in stolen Medicare money from South Florida into Cuba’s banking system, federal authorities said Thursday.
The revelation surfaced in the widening case of a now-convicted check-cashing store owner who was first believed to be at the center of the federal case. It marked the first time that investigators traced tainted Medicare proceeds to Cuba’s state-controlled bank.
Now, Caribbean Transfers appears to have played the dominant role in the unprecedented money-laundering scheme.
