Contact Money laundering has been a major part of the American criminal landscape since the days of its patron saint, Meyer Lansky. Watergate was essentially a money-laundering operation; so was Irangate. Some political action committees PACs have used dirty money, if unwittingly, to help elect politicians and then to keep them in office. Even the most sober and upright Wall Street bankers will admit that some of their banking assets derive from laundered money.
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Shelves: non-fiction I work all night, I work all day, to pay the bills I have to pay Aint it sad And still there never seems to be a single penny left for me Thats too bad In my dreams I have a plan If I got me a wealthy man I wouldnt have to work at all, Id fool around and have a ball Money, money, money..
Must be funny In the rich mans world Money, money, money.. It is written by international bestselling American author, Jeffery Robinson, who famously wrote acclaimed biography of former Saudi Oil Minister, Yamani.
It reveals many a secret and undresses various politicians, lawyers, bankers, bureaucrats and tycoons who chessed the money transaction and accoladed their efforts. Robinson also pens how underworld under-whirls the money and hides the true nature of money.
Between the two unfairy tales lie many controversial moments when money was washed and business was done peculiarly. There are Borodianskys, there are Shakarchis, there are Schaffers. The book also deals with the bloodiest of drug trafficking organized ravishly in South America specially Columbia. So when I say black money of Columbia, then expect the stories of crime daddies like Pablo Escobar and the Orejuelas.
The book is too good in sketching Swiss Secrecy Laws and nexus of Swiss accounts to criminology. Robinson wrote it in but the truth is that history has no age or period. This remarkable masterpiece insists the fate of illness to prolong a vanquished desire in money making. The message comes through clearly - crime mostly illegal drugs pays and the amounts are staggering. Also clear but more between the lines is the fact that the criminal money launderers, as well as the drug traffickers, are enabled by industrial and financial segments of the advanced economies that are Although this was published twenty years ago in , it is by no means outdated.
Also clear but more between the lines is the fact that the criminal money launderers, as well as the drug traffickers, are enabled by industrial and financial segments of the advanced economies that are struggling with this scourge. In fact, a far more interesting story, mostly untold here, would be the extent of involvement of major banks in money laundering, the reasons thereof, and the punishments if caught.
One is reminded of the scene in Casablanca when Capt. That may have been true in or in the areas where it was decriminalized then. However, although alcohol still leads to traffic fatalities, ruined lives and families, and increased medical costs, the degree seems no more than it was during Prohibition. The recent legalizing of marijuana may prove instructive. Addiction is a disease, a public health problem. Somehow the money has to be taken out of illegal drugs the way it was with alcohol.
Until then, the staggering profits will continue to poison our politics and societies. The book is well written, and easy to read. It is a collection of short accounts of people and organizations that laundered money, how they did it and how they got caught. As a textbook for money laundering, it fails miserably; everyone they write about got caught though some lasted a good long time.
And not all of the money was recovered. I have never found accounting or taxes to be fascinating subjects, and this book is pretty light on any preaching about the wrongness of hiding money from taxing entities. The author just describes the struggles on both sides, and the outcomes.
He continued working in the media during his four-year stint as an officer in the United States Air Force. Charged with running a press and public relations office for five generals at the height of the Vietnam War, he hosted a weekly talk show, scripted and directed several film projects, wrote short stories for national magazines and moonlighted as a disc jockey on local radio. He moved to the UK in , with more than published stories and articles to his credit[ citation needed ], to concentrate on writing books. The book reveals how hundreds of billions of dirty dollars are derived mainly from the drug trade, then reinvested throughout the world by otherwise legitimate businessmen, lawyers, accountants and bankers. Business Week described it as "[a]n indictment of governments and banks". In it, Robinson described the disturbing lengths that transnational organized criminals go in order to build multi-national corporations;  explained why organized crime is the major beneficiary of globalization;  and claimed that transnational organized criminals have become the most powerful special interest group on the planet.
The Laundrymen: Inside the World's Third Largest Business