Convicted money launderers now whistleblowers

(CNS Business): Canadian investment advisor Eric St-Cyr, who was working from a Cayman Islands-based financial services firm, and Patrick Poulin, a Canadian attorney based in the Turks and Caicos Islands, were both sentenced Friday to serve 14 months in prison and three years of supervised release for conspiring to launder money. The two men are now said to be cooperating with the IRS and more investigations are expected from the information they have provided. St-Cyr and Poulin, along with US citizen Joshua VanDyk, were indicted on 6 March. The judge imposed the sentences after considering the defendants’ substantial cooperation with ongoing government investigations. Read more and comment on CNS Business