From National Public Radio:
U.S. Arrests Money-Laundering Expert For Laundering Money
For decades, Bruce Bagley has been regarded as a leading expert on organized crime in Latin America, particularly on money laundering. Now, the University of Miami professor is in trouble for the way he may have applied that knowledge.
Bagley was arrested Monday on charges of laundering $3 million on behalf of corrupt foreign nationals who collected the illicit funds through bribes and by embezzling from a public works project in Venezuela.
Federal prosecutors in Manhattan also accused Bagley of pocketing about 10% of the money — about $300,000 — acquired over 14 transactions between November 2017 and April 2019.
Taking "Practice what you Preach" to a new level.
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