Search This Site:

Daily WebLogs


Email, Print, Share. CLICK HERE.

Wachovia cited for money laundering and assisting in the drug trade

Feb 16, 2011

http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html

"Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers -- including the cash used to buy four planes that shipped a total of 22 tons of cocaine."


Notices From GKM Admin
[Click To Expand]
Daily Weblogs
[Click To Expand]


Tags:
Category: In The News

Dr. Stephen Jones


Add Pingback