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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFlorida Cops Laundered Millions For Drug Cartels, Failed To Make A Single Arrest
Last edited Tue Jul 14, 2015, 09:11 PM - Edit history (1)
Posing as money launderers, police in Bal Harbour and Glades County, Fla. laundered a staggering $71.5 million for drug cartels in an undercover sting operation, according to an in-depth investigation by The Miami Herald. With fake identities, undercover officers made deals to pick up cash from criminal organizations in cities across the country. Agents then delivered the money to Miami-Dade storefronts and even wired cash to banks overseas in China and Panama. After laundering the cash, police would skim a three percent commission fee, ultimately generating $2.4 million for themselves.
If you think of all the money thats made from drugs, at some point it has to be cleaned up and become legit, remarked Finn Selander, a former DEA agent and a member of Law Enforcement Against Prohibition. But unless proper precautions are taken, sting operations can backfire and come back and bite you in the proverbial ass.
Together, the Bal Harbour Police Department and the Glades County Sheriffs Office formed the Tri-County Task Force, which, despite the name, consisted of only two agencies. From 2010 to 2012, the task force passed on information and tips to federal agencies that led to the government seizing almost $30 million. Yet the undercover unit laundered over $70 million for drug cartelsmore than twice as much as what was actually taken off the streets.
-- snip
Thanks to the commissions from money laundering, the task force could indulge in a lavish lifestyle. Officers enjoyed $1,000 dinners at restaurants in the Miami area, and spent $116,000 on airfare and first-class flights and nearly $60,000 for hotel accommodations, including stays at the Bellagio and the Mandalay Bay in Las Vegas and El San Juan Resort & Casino in Puerto Rico. Police also spent over $100,000 on iPads, computers, laptops and other electronics, bought a new Jeep Grand Cherokee for $42,012 and even purchased $25,000 worth of weaponry, including FN P90 submachine guns. (Bal Harbour, a seaside village of 2,500 residents known for having the nations top sales-generating mall, reported just one violent crime in 2012.)
http://www.forbes.com/sites/instituteforjustice/2015/07/10/florida-cops-laundered-millions-for-drug-cartels-failed-to-make-a-single-arrest/
Sunlei
(22,651 posts)flamingdem
(39,313 posts)So the description of it doesn't give it justice. But true for such a small population that department really went over the top.
Electric Monk
(13,869 posts)Also, related:
http://www.npr.org/2015/07/13/421243140/probe-finds-70-million-money-laundering-bust-might-have-been-dirty-itself
http://www.miamiherald.com/news/local/community/miami-dade/article24903715.html
flamingdem
(39,313 posts)I was too busy looking for a proper illustration of the article!
Mnemosyne
(21,363 posts)stooges.
malaise
(269,045 posts)Protecting the cartels and serving themselves - shakes head.
HooptieWagon
(17,064 posts)...they were benefitting from the lifestyle.
WillyT
(72,631 posts)prayin4rain
(2,065 posts)have been killed in the Mexican drug war and our police are aiding and profiting from it? ?!