The SPLC was indicted on fraud charges for secretly paying extremist informants without disclosing the program to donors or banks. The indictment includes one count of conspiracy to commit money laundering alongside wire and bank fraud charges. Posobiec's claim that this constitutes operating a 'money-laundering institution' inflates the charge; the core offense is fraud and disclosure violations. His claim about Treasury fines per transaction has no basis in any reporting or court documents.