money-laundering

For decades, Bruce Bagley has been regarded as a leading expert on organized crime in Latin America, particularly on money laundering. Now, the University of Miami professor is in trouble for the way he may have applied that knowledge.

Bagley was arrested Monday on charges of laundering $3 million on behalf of corrupt foreign nationals who collected the illicit funds through bribes and by embezzling from a public works project in Venezuela.

Ariana Cubillos / AP

Last week we learned that Venezuelan President Nicolás Maduro may be under investigation in the U.S. for money-laundering. But it turns out Maduro has more immediate problems – like keeping his country’s lights on.