How The Government Set Up A Fake Bank To Launder Drug Money

How The Government Set Up A Fake Bank To Launder Drug Money

How The Government Set Up A Fake Bank To Launder Drug Money – not HSBC :)

One day in the early 1990s, a man walked into the U.S. embassy in Ecuador. He said he had information somebody would want to hear — information on how to go after some of the most powerful drug traffickers in the world.

The man worked as a money changer. He said he was getting a lot of requests from traffickers who had a problem: They had so much cash that they didn’t know what to do with it. They couldn’t figure out how to launder their money.

Baupost’s Seth Klarman Suggests That The U.S. Could Be Uninvestable One Day

Seth KlarmanIn his 2021 year-end letter, Baupost's Seth Klarman looked at the year in review and how COVID-19 swept through every part of our lives. He blamed much of the ills of the pandemic on those who choose not to get vaccinated while also expressing a dislike for the social division COVID-19 has caused. Q4 2021 Read More

What they needed was an offshore bank to help them. On today’s show, we hear what happened when two U.S. agents — one IRS, one DEA — got the wild idea to create a fake offshore bank to catch drug traffickers.

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