There are persistent media reports that a major American fraudster, currently under an indictment which could send him to Federal Prison for the rest of his life, has worn a concealed microphone in a government investigation on corruption targeting an important governor, and his close associates. In my experience, fraudsters have little stomach for the prospect of a long prison term, and often render assistance to law enforcement, after their arrrest, in securing damaging testimony against others, thereby reducing their ultimate sentence. This technique, often referred to as a sting, could also result in the indictment of unwary bankers who service corrupt politicians and PEPs. It is simply not worth it to bank the proceeds of corruption.

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