"The only lesson that can be learned today from Professor Bagley is that it will lead to an indictment if you engage in public corruption, bribery and embezzlement," said William F. Sweeney, Jr., Head of the FBI New The York Field Office was arrested by the FBI on Monday.
Bagley, who co-authored the 2015 book "Drug Trafficking, Organized Crime and Violence in America Today," was arrested by the FBI on Monday. A statement from the University of Miami states that he was taken on administrative leave "in the face of this development."
"I'm fine," Bagley told CBS Miami on Monday. They feel they have misunderstood everything. "
Bagley is considered one of the foremost experts in his field and was, according to his official biography, a consultant to the FBI, the State Department, the Drug Enforcement Administration and He was repeatedly invited to testify at the congress, served as an expert in high-level litigation, and provided expertise on issues such as money laundering to the governments of Colombia, Ecuador, Bolivia, Panama, and Mexico.
Erick Cruz, a Defender of Miami, who used Bagley as an expert in a lawsuit against cocaine trafficking in October, told the Miami Herald that the professor's arrest was "quite shocking." As a student at the University of Miami, he had Bagley's "Drug Trafficking in Miami" course. Visited America, "he told the newspaper.
" I remember being the one Class said, "It's not a guide, it's a historical review," Cruz said.
He also appeared frequently in the media. In 1
993, the Washington Post published a story about the cocaine trade in Panama as the "money laundering specialist of the University of Miami". Reporters from outlets such as the New York Times and NPR regularly looked for ideas like the US government's attempts to combat overseas drug trafficking and protests in January against Venezuelan President Nicolás Maduro. As WLRN reporter Danny Rivero explained on Twitter,
he was quoted a few hours before the news of Bagley's arrest as an expert in a PolitiFact story about the value of drug trafficking across the US border.
] In January, Bagley talked to The Post about the story of Joaquín "El Chapo" Guzmán Loera, who was in court in Brooklyn at the time.
the Sinaloa Cartel. "Decentralization makes it difficult to track down, conquer and arrest all tentacles, and a lot of money goes through the organization."
In recent years, Bagley has used its expertise to divert money from grafting and corruption related to public construction projects in Venezuela to the United States, prosecutors say.
State records show that Bagley and his wife founded a company called Bagley Consultants Inc. in 2005 -1 "in the indictment was barely active in its first decade of existence, and in 2017 it sparked the Florida Department of State
But before this happened, prosecutors said Bagley opened a bank account on behalf of the company and received monthly payments of approximately $ 200,000 in November 2017. The money came from a bank account In the United Arab Emirates, Ch was allegedly owned by a food company and another Swiss-based company that used the name of an asset management company based in the United Arab Emirates to collect foreign bribery and embezzlement stolen from the Venezuelan people. "The professor admitted this supposedly in conversation with another a person known only as "Individual 1" who helped him to transport the money around.
According to the indictment, Bagley and Individual-1 had a routine. They would go to Bagley's bank in Weston, Florida, in the heart of the Venezuelan Diaspora in South Florida, and use a cashier's check to transfer money to Individual-1's account. About 90 percent of poorly received money went to Individual-1, and the remainder was transferred to Bagley's personal account.
To hide the true source of the money, Bagley concluded "sham contracts" with the prosecutors of the Colombian state said in a Monday statement. Nevertheless, the bank closed its business account around October 2018, citing "suspicious activity". According to the indictment, Bagley's response was to open another bank account so that he could continue to receive remittances and cut them.
Court records do not indicate what prompted the investigators to investigate Bagley's finances, but in February they initiated a sample to see if he would accept a transfer of $ 224,000. The professor was allegedly informed that the money came from bribes and other corrupt deals in Venezuela, but helped to get it moving, and kept $ 44,000 for himself.
Although Bagley is based in Florida, the case is being prosecuted by US attorney for the South District of New York because the money flowed through New York City before it was deposited into its accounts. He has been charged with two money laundering and money laundering charges and faces a sentence of imprisonment of up to 20 years.
"Today's money laundering and conspiracy charges should serve as an object lesson for Bruce Bagley, who is now in federal custody before a possible term. "Said Geoffrey S. Berman, the US Southern District lawyer for New York, in a Monday statement.
Bagley, who was released on Monday over $ 300,000 bond, could not be reached late Monday evening for a comment. His lawyer, Daniel Forman, told the Herald that he intends to "diligently defend" the case in court and expects Bagley to be confirmed.