Markets

A professor specializing in drug crime used his knowledge to launder $2.5 million of dirty Venezuelan money, federal prosecutors claim

Professor Bruce Bagley wrote a textbook on drug trafficking and organised crime. Now federal prosecutors claim he used his knowledge to launder $US2.5 million of dirty Venezuelan cash, according to a Bloomberg report. The professor accepted bank transfers from accounts based in Switzerland and the United Arab Emirates, prosecutors claim. […]
A professor specializing in drug crime used his knowledge to launder $2.5 million of dirty Venezuelan money, federal prosecutors claim
Markets

Crystal animals, Louis Vuitton luggage, and a trip to Las Vegas: Deutsche Bank reportedly showered China’s elite with lavish gifts to win business

Deutsche Bank showered China’s elite with lavish gifts, hired their unqualified family members, and splurged millions on well-connected consultants to build its presence in the country, according to the New York Times. The German lender spent more than $US200,0000 on decadent presents, hired more than 100 relatives of the Communist […]
Crystal animals, Louis Vuitton luggage, and a trip to Las Vegas: Deutsche Bank reportedly showered China’s elite with lavish gifts to win business