This story should raise some important questions about organised crime’s influence on our judicial and economic systems – in times of crisis.
A recent money laundering investigation by a British Newspaper, The Independent (see story below), reveals a complex accounting and legal shell game of British-based front companies, laundering their illicit proceeds through phony lawsuits, followed by massive wire transfers to Latvian and other banks. Money transfers are effectively rubber stamped by “corrupt Moldovan judges”.
Are these white collar crimes exclusive eastern European gangsters, or do well-known British financial brands also do the same?
FOLLOW THE BALL: Dirty white collar criminals have devised a new complex system to move their funds.
This scam uncovered is said to have lasted four years already, and British and European law enforcement investigators claim that it’s been shut down since May 2014, following a clampdown on the judicial component of the fraud chain – in the former Soviet republic of Moldova.