Citi, Deutsche Bank, Bank Of America Were Channels For Sending Drug Money To Colombia, Court Filing Shows9/14/2014
Excerpt from the blog…
U.S.-based accounts at Citigroup Inc. (NYSE:C), Deutsche Bank AG (ETR:DBK) and Bank of America Corp. (NYSE:BAC) were used to channel tens of millions of dollars’ worth of global drug money that was sent to shady Colombian currency brokerages, an affidavit from an undercover Massachusetts detective obtained recently by 100Reporters says. The revelation comes as the U.S. Justice Department has been laying down record penalties against some of the world’s largest financial institutions for trade-sanction and money laundering violations.
Representatives at the banks declined to comment to International Business Times.
The affidavit by Jaime X. Cepero was filed in August 2013 as part of a four-year investigation by federal authorities in the wake of a 2011 Boston-area sting operation that exposed a global narcotics ring, netting $200 million and 20 suspects. The investigation led to the extradition of 12 suspects from Colombia and 15 guilty pleas.
Read more at http://a4cgr.wordpress.com/2014/09/15/02-1497/