Jan 17, 2025 · An official website of the United States government. Here's how you know. Here's how you know. ... Former Finance Minister of Mozambique Sentenced in $2B Fraud and Money Laundering Scheme. Friday, January 17, 2025 ... According to court documents and evidence presented at trial, Manuel Chang, 69, of Mozambique, received $7 million in bribes in ...

Aug 8, 2024 · A federal jury in Brooklyn, New York, convicted the former Finance Minister of Mozambique for his role in a $2 billion fraud, bribery, and money laundering scheme that victimized investors in the United States and elsewhere.

Jul 17, 2024 · The “tuna bond” scandal that shook Mozambique’s economy is washing into a New York court, Tuesday, July 17, 2024, where former Mozambican finance minister Manuel Chang is on trial on charges alleging he took bribes to commit his country — secretly — to huge loans that prosecutors say got looted.

Jan 17, 2025 · BROOKLYN, NY – Earlier today, in federal court in Brooklyn, Manuel Chang, the former Finance Minister of Mozambique, was sentenced by United States District Judge Nicholas G. Garaufis to a term of imprisonment of 102 months and ordered to pay $7 million in forfeiture. The restitution amount will be determined at a later date.

Jan 17, 2025 · A former Mozambique finance minister was sentenced on Friday to 8-1/2 years in prison after being found guilty of participating in a fraud involving $2 billion in loans to three state-owned...

Aug 8, 2024 · A former Mozambique finance minister was convicted on Thursday on U.S. criminal charges over his alleged involvement in a fraud involving $2 billion in loans to three state-owned companies to...

Jan 17, 2025 · A former Mozambique finance minister was sentenced on Friday to eight-and-a-half years in prison after being found guilty of participating in a fraud involving $2 billion in loans to three...

Jan 18, 2025 · The sentencing was handed down after a four-week trial that ended in August in which Judge Nicholas G. Garaufis of the U.S. District Court in Brooklyn determined that the former minister, Manuel ...

Jan 19, 2025 · Mozambique’s former finance minister, Manuel Chang, was sentenced to serve eight-and-a-half years in prison this Friday for his role in the 'tuna bond' scandal by a Brooklyn court. In 2005, Mozambique...

Jul 12, 2023 · JOHANNESBURG (AP) — A former Mozambique finance minister who has been held in prison in South Africa for nearly five years was extradited Wednesday to the United States to face a fraud and corruption trial over a $2 billion scandal involving fraudulent government loans.