CONFESSIONS OF A
MONEY LAUNDERER by Kenneth Rijock
Financial Crime Consultant, for World-Check
Confessions of a Money launderer - Part 30
30 April 2007

In the money laundering business, where mistakes could result in a twenty-year vacation, courtesy the Federal Bureau of Prisons, or even termination of your employment with extreme prejudice, you need to keep your sense of humor. When the clients suffered setbacks that could result in your immediate arrest, you had to roll with the punches, practice damage control, and if necessary cut their losses as efficiently as possible. And things had a habit of going south without warning; that's the nature of crime. One time, two clients tearfully called me to come for a visit late at night. They had recently smuggled some prime grade marijuana in from Jamaica and, secreting it artfully in the attic of their Coral Gables home, had gone off on a vacation. They returned to find their house broken into, with only the drugs missing. Had there been a breach of security, or had a member of their crew ripped them off? We never found out. Episodes like that will make you crazy if you let them. For that reason, I always chose to focus on the humour in the drugs trade.

My favourite clients' schemes, all designed at the spur of the moment to take their drug profits and create successful legitimate businesses:

  • One newly-rich drug smuggler wanted to invest some money at a high rate of return; he was promised 100% on his money by sending funds to America's most commercially successful caricature artist. Unfortunately, the money never reached the end of the line, and the intermediary later confessed that most of it went up the nose of one of the agents in the form of cocaine. I always discouraged any type of legitimate investment, partially because legal avenues to collect the profits, or even recover the principal, were out of the question because the money was untaxed, and the proceeds of crime.

  • One client had an unrequited love affair with Mississippi Delta blues music; he purchased an option on a major screenplay on the life of legendary bluesman Robert Johnson that had previously been the property of the Rolling Stones, and we went on a road trip to Hollywood to make a movie. The client had visions that Prince would be the lead, and we took meetings with two producers at Playboy Productions. Whilst we waited for the contract to arrive, I spotted headlines in the trade newspaper, Variety, to the effect that the two producers had been charged with criminal misconduct at Playboy unrelated to my clients so their laundered drug profits never went into the entertainment business.

  • Another client invested in a cash-intensive business, a custom high-performance automotive shop. He later sold it to someone with little or no business experience, who ran it into the ground, and he didn't receive many of the regular payments he had contracted for. I went there and retrieved only a small portion of anything of value from the premises.

  • Yet another venture involved purchasing an under-performing restaurant and turning it into the sixth-highest grossing  facility of its kind in the US, by supplementing its daily receipts with drug profits. Whilst the restaurant was a fantastic success, as well as a useful money laundering tool,  the clients were too high profile during renovation, and the DEA was in the parking lot at opening night, covertly writing down all the automobile license plate numbers, as many in Miami's wide world of narcotraffickers were in attendance. Later, the restaurant would be seized and run by the US Marshals, whilst it was being forfeited to the government as a criminal asset.
   
  • Finally, a client had a brainstorm; he would open a small airplane charter service, operating out of the US Virgin Islands, to and form Caribbean tax haven islands, both for other dopers, and for legitimate clients. The promised business didn't pan out, though the money launderers used his services. He was offered immunity to testify before the Grand Jury against his partners and associates, and he sold his assets and quietly moved away before any indictments were issued.

My conclusion, reached after suffering through these and several other client commercial disasters, was that drug smugglers make poor businessmen when it comes to legitimate commerce. Better they stay within their chosen calling.

Next Week: back to business.

The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.

Read more in this exciting series

Confessions of a Money Launderer - Part 74
Confessions of a Money Launderer - Part 73
Confessions of a Money Launderer - Part 72
Confessions of a Money launderer - Part 71
Confessions of a Money Launderer - Part 70
Confessions of a Money Launderer - Part 69
Confessions of a Money Launderer - Part 68
Confessions of a Money Launderer - Part 67
Confessions of a Money Launderer - Part 66
Confessions of a Money Launderer - Part 65
Confessions of a Money Launderer - Part 64
Confessions of a Money Launderer - Part 63
Confessions of a Money Launderer - Part 62
Confessions of a Money Launderer - Part 61
Confessions of a Money Launderer - Part 60
Confessions of a Money Launderer - Part 59
Confessions of a Money Launderer - Part 58
Confessions of a Money Launderer - Part 57
Confessions of a Money Launderer - Part 56
Confessions of a Money Launderer - Part 55
Confessions of a Money Launderer - Part 54
Confessions of a Money Launderer - Part 53
Confessions of a Money Launderer - Part 52
Confessions of a Money Launderer - Part 51
Confessions of a Money Launderer - Part 50
Confessions of a Money Launderer - Part 49
Confessions of a Money Launderer - Part 48
Confessions of a Money Launderer - Part 47
Confessions of a Money Launderer - Part 46
Confessions of a Money Launderer - Part 45
Confessions of a Money Launderer - Part 44
Confessions of a Money Launderer - Part 43
Confessions of a Money Launderer - Part 42
Confessions of a Money Launderer - Part 41
Confessions of a Money Launderer - Part 40
Confessions of a Money Launderer - Part 39
Confessions of a Money Launderer - Part 38
Confessions of a Money Launderer - Part 37
Confessions of a Money launderer - Part 36
Confessions of a Money Launderer - Part 35
Confessions of a Money launderer - Part 34
Confessions of a Money Launderer - Part 33
Confessions of a Money launderer - Part 32
Confessions of a Money launderer - Part 31
Confessions of a Money launderer - Part 30
Confessions of a Money Launderer - Part 29
Confessions of a Money Launderer - Part 28
Confessions of a Money Launderer - Part 27
Confessions of a Money Launderer - Part 26
Confessions of a Money Launderer - Part 25
Confessions of a Money Launderer - Part 24
Confessions of a Money Launderer - Part 23
Confessions of a Money Launderer - part 22
Confessions of a Money Launderer - Part 21
Confessions of a Money Launderer - Part 20
Confessions of a Money Launderer - Part 19
Confessions of a Money Launderer - Part 18
Confessions of a Money Launderer - Part 17
Confessions of a Money Launderer - Part 16
Confessions of a Money Launderer - Part 15
Confessions of a Money Launderer - Part 14
Confessions of a Money Launderer - Part 13
Confessions of a Money Launderer - Part 12
Confessions of a Money Launderer - Part 11
Confessions of a Money Launderer - Part 10
Confessions of a Money Launderer - Part 9
Confessions of a Money Launderer - Part 8
Confessions of a Money Launderer - Part 7
Confessions of a Money Launderer - Part 6
Confessions of a Money Launderer - Part 5
Confessions of a Money Launderer - Part 4
Confessions of a Money Launderer - Part 3
Confessions of a Money Launderer - Part 2
Confessions of a Money Launderer - Part 1
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