Today I published an article about techniques used in the precious metals business to launder tens of millions at a time. I posted it on my LinkedIn page and invite you to check it out. It offers insights about how executives in some international banks and businesses cater to the money laundering needs of the underworld:
While covertly operating within the underworld as a money launderer, I had the occasion to deal with some of the most notorious money launderers in the world. I'll never forget a particular steamy evening in Panama when I was having dinner with an old friend of Panamanian General Manuel Noriega.
The most dangerous commodity delivered around the globe by drug cartels and other criminal organizations is corruption. We see the effects of that within many nations in the Americas, but often forget how dramatically it also impacts honest citizens in Africa, the Middle East and elsewhere. Nations in Africa and the Middle East are critical to the flow of illicit fortunes, which is why their leadership is constantly tempted to join the parade of corruption. I urge you to follow the reporting of the Organized Crime & Corruption Reporting Project (OCCRP). Please read this article to get an appreciation for why there is massive poverty in countries, while a very small percentage of the very rich control the overwhelming majority of wealth. It can happen anywhere:
Omar al-Bashir once enjoyed sole access to a room containing millions of euros, his office manager told the court during the corruption trial against Sudan’s former leader, Reuters reported on Saturday.
It was an honor to be the keynote speaker today at the national conference of the Federal Bar Association. I got a chance to reconnect with judges, prosecutors and defense attorneys I had the privilege of working with for decades. I got the opportunity to share THE INFILTRATOR story with lawyers from around the US, to discuss insights about many of the "go to" methods used by the underworld to launder, and to review new trends and high-risk countries. A rewarding takeaway for me was the focus some Federal Bar members had on the importance of changing the culture of money laundering prosecutions from one of punishing bank shareholders through huge bank fines, to one of drilling into precisely which bank officers were responsible for the bank's movement of illicit funds and aggressively prosecuting those officers for their criminal conduct. I truly think that approach globally by prosecutors would be a difference maker.
I occasionally get the opportunity to be interviewed about my views concerning the worldwide infusion of drug abuse by global cartels and the money laundering lifeline provided to them by a small segment of the international banking and business community. In this interview, we talk about drug cartels, the nurturing of addiction in the U.S. by "legitimate" pharmaceutical companies, and much more. Thank you for the opportunity to share my thoughts:
I’ve never before spoken publicly about what I did during the years after the conclusion of my undercover assignment detailed in THE INFILTRATOR. Today I agreed to share a few things about that experience with those that previously followed the story of my life undercover as a money launderer with the Medellin Cartel and the Bank of Credit & Commerce International (BCCI) that was portrayed on the silver screen by Bryan Cranston.
Few in the public know that, 3 years after the world learned that money launderer Robert Musella was actually a federal undercover agent, I was recruited to carry out another long-term covert assignment. I was asked to infiltrate Colombia’s Cali Cartel and to attempt to gather evidence that would lead to the prosecution of their money launderers.
Over time, I created another false identity and assumed a 2 ½ year undercover role that embedded me in Panama’s business world. If the insights I learned from launderers for the Medellin Cartel earned me an MBA in money laundering, the money men tied to the Cali Cartel shared insights that enabled me to achieve my PhD. Their techniques were brilliant, innovative and global.
This second journey was different, very different, because it involved corruption within my own department that nearly got me killed. The evidence I gathered most importantly led to our outing a mole in U.S. law enforcement that endangered the lives of many.
Through the link below you can hear one of the first interviews I’ve done about my covert return to the underworld after the events of THE INFILTRATOR. I'd like to know from you whether you think this untold story should be publicly shared.