U.S. Arrests Money-Laundering Expert For Laundering Money
A slew of federal agencies and media outlets have relied on professor Bruce Bagley's expertise on organized crime. This week he was arrested for his alleged role in an elaborate corruption scheme.
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 under federal investigation 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.
