OCTOBER 30 2016
To catch the Colombian cartel’s money launderers, Robert Mazur and his colleagues started in the same way as many successful fraudsters: from the feet up. A reformed thug whom Mazur met at a bail hearing advised him to invest the US government’s funds in expensive shoes, to give a reassuring air of wealth if the cartel ever caught a glimpse of the soles.
“This will take a concerted effort from governments to create a standard that all companies must adhere to if there’s going to be a difference,” said Mazur. “The amount of money that’s out there looking for money laundering services is massive and whether we like it or not, it does seep into the legal financial markets.”