Word: laundering
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Dates: during 1970-1979
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...depositions taken so far are much more serious. They reveal that Gulf carefully designed a dummy company in Nassau first to "launder" and then to relay money to strategically placed politicians. This Bahamas Exploration Co., Ltd. may well have passed out $5 million in the U.S. alone. The main job of one of its former officers, William C. Viglia, seems to have been to deposit Gulf money in a Bahamian bank, withdraw it and then run the cash back to Claude Wild in Washington...
...mountainous wife Eugenie would peer through the shutters at them, too proud to show themselves. The collectors never stopped at the Kupkas'. In the past, they had been so poor that Eugenie Kupka now and then had to buy old tablecloths and underwear in the flea market, launder them and sell them to raise a few francs...
...traffic conducted by a number of big-time receivers abroad." These 50 or so men, he believes, are not art dealers but organizers of what amounts to theft-for-investment. They commission thefts, receive the goods, wait for them to cool (for years, if need be) and then discreetly launder them through a network of "honest" art dealers strung between Switzerland, Germany...
...Erdman believes, the largest market manipulation in history, and his fact-filled fictional explanation goes like this. Some American Mafiosi, looking for a place to launder their tainted, untaxed dollars, buy a small Swiss bank. One of their first ventures is to bankroll an aristocratic Iranian who claims to have a huge silver mine. Word of this hoard leaks out to one of the world's richest men who also enjoys cornering the world's silver supply. Fearing that the Iranian's silver will flood the market and dilute the price, he makes an offer that even...
...attorneys and public relations firms with whom they had previous friendly business dealings for interest-free loans ranging from $5,000 to $56,000 each. AMPI paid back the lenders by raising their retainers. All of them now claim that they never suspected that they were being used to launder the money contributed to Nixon. Ironically, many of the lenders were prominent Democrats, including Richard Maguire, former treasurer of the Democratic National Committee; the late Clifton C. Carter, former executive director of the D.N.C.; and Ted Van Dyke, who was an adviser to George McGovern's presidential campaign...