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Qabilene Updates

A Professor Who's an Expert on Money Laundering Has Been Busted for Money Laundering

Well, they DO say that authors should write what they know.

 

 

There's a 73-year-old guy named Bruce Bagley, and he's a professor of international studies at the University of Miami.

 

 

He's an expert on drug trafficking, organized crime, and money laundering, and was behind a book called "Drug Trafficking, Organized Crime, and Violence in the Americas Today".

 

 

Well, yesterday, prosecutors charged him with . . . money laundering.  Allegedly, he laundered at least $3 million into the U.S. from criminals in Venezuela and Colombia.  And he pocketed about 10% of the money.

 

 

You'd think with all his expertise, he would've done a better job covering his tracks but . . . nope.  He even had one of his bank accounts shut down last year for suspicious activity, so he went ahead and opened another one to do the same thing.

 

 

It's possible that he underestimated the chances of getting caught . . . since lately, he's been speaking out a lot about how poor of a job most governments are doing at stopping money laundering and organized crime.

 

 

He's facing up to 20 years in prison . . . and the University of Miami has put him on administrative leave. 

 

 

(Bloomberg / Miami Herald

 

 

(Here's his picture.)

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