For years, law enforcement officials have warned that this situation presents an attractive loophole for criminals looking to launder the proceeds of their crimes. In 2018, Manhattan District Attorney Cyrus Vance, Jr., called for a national register of beneficial owners, similar to the one created under the regulations Congress just approved.
Over the unprecedented past year, New York City and our nation have experienced immense suffering and trauma due to a series of crises: the COVID-19 pandemic, systemic racism in our society, and an alarming rise in gun violence in our metropolitan cities. These crises have brought into sharp relief our society’s inequalities, particularly in our justice system, and the role we, as prosecutors, must play to bring about much-needed change.
"While diamonds may be forever, this flawed scheme was not, and now Mr. Modi will face the clarity of a New York Supreme Court indictment," said District Attorney Vance.
“Our laws are fundamentally broken when it takes the death of a fellow New Yorker to get a driver with a history of reckless conduct off the road, as is demonstrated in this case," said District Attorney Vance.
“New York City has lost a hero with a big heart with the passing of Mayor David Dinkins. He cared so deeply about every one in and every aspect of this great City, reflecting his deeply felt humanity and humility. He was a great friend and teacher, who never pulled a punch when giving advice.
Manhattan District Attorney Cyrus Vance has restituted a 2,600-year-old stele to Egypt, after the antiquity was seized by US authorities last year when it arrived at JFK from Paris, on its way to the TEFAF fair in New York.