Word: laundering
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Dates: during 1980-1989
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...shockingly burst. ZZZZ Best officials filed for bankruptcy protection and sued Minkow for allegedly misappropriating more than $23 million in company funds. The Los Angeles police, meanwhile, raided Minkow's office and home, and the police chief publicly linked him with mobsters who allegedly used his business to launder millions of dollars earned through the sale of illegal drugs...
Apparently the anthropology chairman was planning to sell the drugs and had set up a corporation named Simian Expansions to launder the money. Buettner-Janusch pleaded not guilty in the trial which followed, a large part of his defense resting on character witnesses who testified to his brilliance and untarnished reputation. During the trial his lawyer, Jules Ritholtz, hypothesized that Jolly himself could have planted the samples of LSD and Quaaludes...
South African authorities expect no trouble exporting gold, diamonds and other minerals, many of which are available from few other sources. The problems will center on coal, agricultural products and manufactured goods. Such items will be sent to foreign "front firms," which will launder shipments, principally by repacking, relabeling and attaching false certificates of origin. The goods will then be transported to buyers as non- South African products. A lot of South African wine shipments, for example, may soon be carrying Mediterranean markings. Government officials are openly advising South African businessmen on how to get around sanctions. Says Kent Durr...
...Customs commissioner in the area. But others voice skepticism as to how soon they will get the promised men and gear. Some wonder whether much can be accomplished without a stronger crackdown on the largely unregulated casas de cambio that exchange dollars for pesos and are thought to often launder drug money along the Mexican border. Sixty or so have sprouted on the main street of San Ysidro, Calif., alone...
...million-a-week, five-state gambling ring. They hid their profits, the indictment states, by changing cash into bank checks and money orders, which then made their way into numerous Shearson accounts. The funds were mostly used to buy municipal bonds. Thus the defendants allegedly managed to launder their gambling proceeds by putting them into legitimate investments...