US authorities investigating whether budget airline Bonza's investors broke money laundering laws

The cash poured into failed Australian airline Bonza is being examined as part of a US investigation into money laundering. The US Department of Justice is investigating whether private investment firm 777 Partners and its primary source of funding, insurer A-CAP, have violated US money-laundering laws. Investigators are examining whether policyholders' money was invested where it was supposed to be, including why some funds meant for 777's football teams instead went to Bonza. Southern District of New York assistant attorney Nicolas Roos, who helped prosecute crypto fraudster Sam Bankman-Fried, is part of the team conducting the probe. His office did not respond to request for comment. Bonza, which had been "wholly reliant" on funding from 777, went into voluntary administration in April and liquidation in July.<br/>