Sunday, September 23, 2018

Laundering

About 50 years ago I was watching 60 Minutes and they were interviewing a banker in Miami and asked him if he thought it was a little strange when a man came in and deposited $200,000 in cash and the banker answered, "no". This was a time when the drug problem was starting and laundering was a new thing. This past week a bank in Estonia was found to be laundering but my how things have changed. The bank was charged with laundering $234 billion dollars in mostly Russian money. While this is not drug money it represents money stolen from the Russia people.

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