Professor Says He Laundered Money for Colombian with Ties to Maduro Regime

By Dylan Tokar Close Dylan Tokar Updated June 2, 2020 3:45 pm ET A retired University of Miami professor admitted Monday to laundering money on behalf of a Colombian businessman who authorities say organized a corrupt scheme to divert funds from Venezuelan state coffers.

An indictment filed in November accused Mr. Bagley of laundering $3 million in profits from foreign bribery and embezzlement schemes connected to public works projects in Venezuela.But on Monday, Mr. Bagley said he had laundered money for Colombian businessman Alex Saab, according to a transcript of his plea hearing. U.S. authorities last year accused Mr. Saab of orchestrating a vast scheme to divert hundreds of millions of dollars in Venezuelan state funds using an emergency food program.

The professor had gone “from writing the book on crime—literally writing a book on drug trafficking and organized crime—to committing crimes,” the top federal prosecutor in Manhattan, Geoffrey Berman, said in a statement.More From Risk & Compliance Jourrnal The professor told the judge overseeing his case that he should have understood that the funds were the proceeds of unlawful activity—a prerequisite to being charged with money laundering—because he was told by the informant that the money was from corruption.

Just a cool college professor making some chump change . No big deal as he is probably a Democrat

My gosh!😁

MikeKenealy ...when the expert on corruption, decides to try it out for himself. whitecollarcrime SDG16

Hm. Maybe he should of known better.

Putting his studies into good use

Did he also steal all the punctuation?

CLASSIC

Well, you can't write what you haven't experienced

yvonne1_ Yvonne you are Gorgeous!!!😁

Obviously he knew what he was talking about in the book!

He walked the walk

Research?

The same Venezuela that AG Barr put a warrant out for because running a drug cartel. Our professors probably biggest drug dealers in the country.

This guy is clearly too stupid to be teaching those classes. He couldn't even get away with it! If you want to take lessons from a real organized crime expert, sign up for my Masterclass. I'll teach you how to launder a fuckload of money AND I have a spotless track record so far

New fed chair realDonaldTrump

Should've funneled some of that money through the football team, they could have used the help

Just another hypocrite professor

Well, he did seem to know what he was doing. Amiright?

Not really an expert when you got caught

At least he knows what he’s talking about.

Write what you know!

The best books are written by people with practical experience.

LaunderingMoney 😂😂🤣 ohh the irony

Bet they write another book

Bet he writes another book

In light of the last few days I would call that a victimless crime. Let him walk.

Is that really a crime? Feels like Racism

Go Canes

lauferlaw So you are saying his book is shit? ok.

Trump going to appoint as education secretary.

DAVIDDORNMATTERS

Possibly the only professor in America with actual job experience.

plmbery9

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