Raw Story, By Bethania Palma Markus, August 1
An investigative report by the Miami Herald published today reveals that two local Florida police agencies engaged in a slick money laundering scheme ripped from a Hollywood movie, reaping a whopping $2.4 million for themselves in drug money.
The Tri-County Task Force, which consisted of officers from two small police agencies, the Glade County Sheriff’s Office and Bal Harbour Police Department, laundered millions of dollars via SunTrust Bank through countries including Panama and China, the Herald found.
Per the Herald:
The Tri-County Task Force turned a money-laundering investigation into a multi-million-dollar enterprise, spending lavishly on travel and dining while picking up suitcases stuffed with drug cash from as far away as Los Angeles and San Juan.
The officers used fake names to set up seven accounts, starting in 2009, with the help of SunTrust official Ivan Morales, laundering millions each month.
The so-called sting operation laundered a total of $71.5 million — but did not result in any arrests. The illegal cash was moved overseas despite U.S. policy that forbids it.
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