“according to the FBI, he’s been helping to launder money out of Latin America”
How ironic. If convicted, he is facing up to 20 years in prison.
The Miami New Times reports:
University of Miami Money-Laundering Expert Charged With Money Laundering
For years, Bruce M. Bagley has taught in the University of Miami’s International Studies program. He’s one of the nation’s foremost experts on money laundering in Latin America.
That might be because, at least according to the FBI, he’s been helping to launder money out of Latin America. Today federal prosecutors in Manhattan charged Bagley with laundering nearly $3 million in dirty money out of Venezuela between November 2017 and October 2018. Bloomberg first reported on the charges this afternoon.
“Bruce Bagley, a college professor and author of the book Drug Trafficking, Organized Crime, and Violence in the Americas Today, allegedly opened bank accounts for the express purpose of laundering money for corrupt foreign nationals,” U.S. Attorney Geoffrey S. Berman said today in a media release.
“Moreover, the funds Bagley was allegedly laundering were the proceeds of bribery and corruption, stolen from the citizens of Venezuela. Today’s charges of money laundering and conspiracy should serve as an object lesson for Bruce Bagley, who now faces a potential tenure in federal prison.”
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