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Professor Who Wrote Book About Crime Charged With Money Laundering

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Professor Who Wrote Book About Crime Charged With Money Laundering

A University of Miami professor who was an expert on drug trafficking and organized crime was charged with laundering more than $250,000 from Venezuela.

Bloomberg News reports Bruce Bagley,73, an international studies professor and co-editor of the 2015 book “Drug Trafficking, Organized Crime, and Violence in the Americas Today, was charged by Manhattan prosecutors on Monday. He is accused of laundering about $2.5 million into the United States that he earned from bribes and embezzlement from foreign nationals.

FBI Assistant Director-in-Charge William F. Sweeney said a statement that Bagley allegedly aided the foreign nationals with various schemes and pocketed 10 percent of the money.

“Bagley, an American professor, contributed to the success of illegal activity overseas, carried out against the Venezuelan people,”

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He appeared in federal court Monday and was released on a $300,000 bond that was cosigned by his son and daughter. A spokesperson for the University of Miami said in a statement that Bagley is currently placed on administrative leave after his indictment.

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His lawyer, Daniel Forman, says the arrest came as a shock to people who knew Bagley and the case is currently being reviewed.

“Based on my extensive knowledge of Dr. Bagley, both professionally and personally, I am confident he will be vindicated at the end of the day.”

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