"A Miami professor who’s an expert on drug trafficking and organized crime was charged by the U.S. with laundering money from Venezuela, skimming more than $250,000 for himself.
Bruce Bagley, 73, a professor of international studies at the University of Miami, was the co-editor of the 2015 book “Drug Trafficking, Organized Crime, and Violence in the Americas Today” as well as a contributor to various journals on the topic.
But on Monday prosecutors in Manhattan charged Bagley with laundering about $2.5 million into the U.S., money that foreign nationals embezzled and got from bribes and other corrupt schemes. Bagley pocketed about 10% of the money, according to prosecutors.
...
According to U.S. prosecutors, Bagley opened a bank account using a company he owned, taking in 14 payments from November 2017 to October 2018. The payments came from Swiss and United Arab Emirates accounts, prosecutors said. The description of Bagley’s company, which isn’t named in court papers, matches Bagley Consultants Inc., a defunct Florida corporation opened by the professor in 2005.
Overseas Accounts
The overseas accounts were held by a “purported food company” and a wealth management firm allegedly controlled by a Colombian, whom the government didn’t identify.
Prosecutors claim Bagley would withdraw 90% of the payments in the form of cashier’s checks payable to an account held by an unnamed person and transfer the rest to his own account.
Even after the bank account was shut down for suspicious activity in October 2018, Bagley opened a second one in December, where he received money on two separate occasions, prosecutors said."
https://www.bloomberg.com/amp/news/articles/2019-11-18/professor-wrote-laundering-book-then-washed-millions-u-s-says
Bruce Bagley, 73, a professor of international studies at the University of Miami, was the co-editor of the 2015 book “Drug Trafficking, Organized Crime, and Violence in the Americas Today” as well as a contributor to various journals on the topic.
But on Monday prosecutors in Manhattan charged Bagley with laundering about $2.5 million into the U.S., money that foreign nationals embezzled and got from bribes and other corrupt schemes. Bagley pocketed about 10% of the money, according to prosecutors.
...
According to U.S. prosecutors, Bagley opened a bank account using a company he owned, taking in 14 payments from November 2017 to October 2018. The payments came from Swiss and United Arab Emirates accounts, prosecutors said. The description of Bagley’s company, which isn’t named in court papers, matches Bagley Consultants Inc., a defunct Florida corporation opened by the professor in 2005.
Overseas Accounts
The overseas accounts were held by a “purported food company” and a wealth management firm allegedly controlled by a Colombian, whom the government didn’t identify.
Prosecutors claim Bagley would withdraw 90% of the payments in the form of cashier’s checks payable to an account held by an unnamed person and transfer the rest to his own account.
Even after the bank account was shut down for suspicious activity in October 2018, Bagley opened a second one in December, where he received money on two separate occasions, prosecutors said."
https://www.bloomberg.com/amp/news/articles/2019-11-18/professor-wrote-laundering-book-then-washed-millions-u-s-says