Word: laundering
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Dates: during 1990-1999
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...investigation began after authorities in Cartagena, Colombia, seized 386 kg of cocaine hidden inside containers of frozen fish shipped by a company with a distribution center in Atlanta. Drug agents subsequently opened their phony office and offered to launder funds for suspected traffickers. As it played out, agents picked up drug funds in gym bags, luggage and boxes on the streets of such cities as New York, Dallas, Madrid and Rome. Then, with the help of black-market money changers in Colombia, the dollars were converted into pesos and deposited into the traffickers' Colombian accounts. But much to the dismay...
...according to Allison, Frankel lived quite openly throughout much of his winding journey. He had gone from his Greenwich, Conn., mansion, where police found smoldering file cabinets and incriminating documents (item No. 1 on his to-do list: launder money), to a White Plains, N.Y., airfield, where a private jet flew him and two women, Mona Kim and Jackie Ju, to Rome, along with 25 suitcases and that stash of diamonds. Then he jaunted through Italy and Germany in chauffeured limousines, steadfastly maintaining to whoever would listen that his case was a misunderstanding that would blow over...
...southern insurance companies. Gathering evidence won't be easy: Authorities were first alerted to Frankel's disappearance by firefighters summoned to his $3 million Greenwich home. There they found a burning file cabinet and two fireplaces filled with flaming documents. Frankel's paper trail, which included one note reading "launder money," also included personalized astrological charts answering such questions as: "Will I go to prison?" "Should I leave?" and "Will I be safe?" Default, as Shakespeare might have said, was in his stars...
...have ridden that dream harder or farther than Frankel. By the time police and fire fighters responded to an alarm at his arcadian Greenwich, Conn., mansion last month to discover smoldering file cabinets full of incinerating and incriminating documents--item one on his to-do list: launder money--Frankel had constructed a financial whiz kid's Xanadu, complete with 80 trading terminals, satellite dishes, a fleet of imported cars and a bevy of female retainers he had attracted by answering personal ads and trolling the Internet. In his $3 million residence and the adjacent $2.6 million house, both paid...
...turned his $3 million home in tony Greenwich into a warren of offices with electronic locks and nearly 100 computers, plus wide-screen televisions tuned to financial news channels. And like any true "Seven Habits" disciple, Frankel made lists of things to do, one of which was "launder money." Also seized were personalized astrological charts answering such questions as: "Will I go to prison?" "Should I leave?" and "Will I be safe?" So far, so good. In addition to the insurance money, Frankel may also have pocketed $1.98 billion from the St. Francis of Assisi Foundation, allegedly established...