A Miami teacher who co-authored a book on the mob is implicated of laundering millions in dirty money through his personal U.S. savings account.
Bruce Bagley, 73, was jailed Monday on federal charges that he laundered corruption earnings from Venezuela
The University of Miami Teacher appeared in Miami federal court and was freed on $300,000 bail. His lawyer, Daniel Forman, told the Miami Herald that they planned to “diligently safeguard his case.”
Bagley co-authored the 2015 book “Drug Trafficking, Organized Criminal Activity and Violence in the Americas Today,” and has actually affirmed before Congress and as an expert in court. He was widely concerned by numerous news outlets as the go-to specialist on criminal activity in the Americas
William F. Sweeney Jr., head of the FBI’s New york city office, said in a release that Bagley profited by helping others launder the proceeds of their criminal activities.
Bruce Bagley is professor of global research studies at the University of Miami..
” About the only lesson to be learned from Professor Bagley today is that involving oneself in public corruption, bribery, and embezzlement plans is going to result in an indictment,” Sweeney said.
U.S. Lawyer Geoffrey S. Berman in New York said Bagley opened bank accounts particularly to wash money for corrupt immigrants.
” The funds Bagley was presumably laundering were the earnings of bribery and corruption, taken from the people of Venezuela,” Berman stated.
An indictment unsealed in Manhattan federal court said that from November 2017 through April, Bagley accepted get about 14 deposits from bank accounts in Switzerland and the United Arab Emirates amounting to $3 million.
According to the indictment, Bagley transferred the bulk of the cash into the checking account of a co-conspirator to hide the nature, source and ownership of the funds.
Authorities said Bagley kept a 10 percent commission for himself from the cash he washed.
The University of Miami stated in a statement that Bagley was put on administrative leave.
” As this is a personal matter in a continuous examination, the University has no more comment at this time,” the school said.
Bagley faces conspiracy to devote cash laundering and 2 cash laundering charges. If founded guilty, he could confront 20 years in jail.
The Associated Press added to this report.