DD Support Board and Research Team

[traderjoe3]

Please explain how one would launder money that came from a public company with a long paper trail? There is no way to launder money that has a record of where it came from and from who. This was a complete set up.

According to the complaint unsealed this morning in the Eastern District of New York, Scaglione exploited his position as an attorney to launder money through an escrow account for an undercover law enforcement agent (“undercover agent”) who posed as a corrupt stock promoter. In his dealings with Scaglione, the undercover agent represented himself to be a middleman working with corrupt stock brokers who artificially inflated prices for worthless stock in exchange for high commissions.

http://www.fbi.gov/newyork/press-releases/2013/florida-attorney-charged-with-laundering-purported-stock-fraud-proceeds