money laundering

DEA Launders Money for Mexican Drug Cartels

Dec 4, 2011
To what length should governments enable crime in order to catch criminals? That’s the ethical issue raised by a New York Times article that reports DEA agents have laundered millions of dollars in drug proceeds to battle Mexican cartels. More than 40,000 people have been killed in drug-related violence in Mexico since 2006.
Join our newsletter Stay up to date with the latest from Truthdig. Join the Truthdig Newsletter for our latest publications.

UBS Money Laundering: What Did Phil Gramm Know?

Aug 19, 2009
In recent days yet another wealthy private customer of the Swiss-based banking conglomerate UBS admitted to criminal fraud in a growing parade of perp walks that could extend into the thousands. It is a case that threatens to ensnare former Sen. Phil Gramm, the Texas Republican who is vice chairman of UBS’ investment banking business.Was Phil Gramm truly unaware of the widespread efforts at UBS to defraud the U.S. Treasury?

From the Freezer to the Cooler

Aug 6, 2009
Former U.S. Rep. William Jefferson of Louisiana, who memorably repurposed his freezer to accommodate an illicit stash of $90,000 in cash, was convicted by a federal jury Wednesday and could be looking at 20 years in the slammer.

Jefferson Insists He’s Innocent

Jun 9, 2007
Louisiana Congressman William Jefferson, a Democrat, flatly denied bribery charges accusing him of attempting, through various means, to illegally drum up over $500,000 from African business deals. Jefferson declared Friday that he will fight to save his reputation, already besmirched by the mysterious $90,000 in cash found stuffed in a freezer during a 2005 raid on his Washington, D.C. home.

Texas Roundup

Dec 6, 2005
No get-out-of-jail-free card for former House Majority Leader Tom DeLay A Texas court upheld a felony indictment for DeLay on charges of money laundering in connection with a 2002 Texas election A separate indictment for criminal conspiracy was dismissed .