[47173] in Cypherpunks
FIN_sin
daemon@ATHENA.MIT.EDU (John Young)
Sun Jan 14 10:29:02 1996
From: John Young <jya@pipeline.com>
Date: Sun, 14 Jan 1996 10:13:57 -0500
To: cypherpunks@toad.com
The January 22 New York magazine, a local weekly, reports
in "The Money Plane":
Five nights a week, at least $100 million in crisp new
$100 dollar bills is flown from JFK nonstop to Moscow,
where it is used to finance the Russian mob's vast and
growing international crime syndicate. State and federal
officials believe it is part of a multi-billion-dollar
money-laundering operation. The Republic National Bank
and The United States Federal Reserve prefer not to
think so.
"That money is used to support organized crime; it's
used to support black-market operations," says one
federal official. "In my personal opinion, this is an
abomination. Yet it appears that at least part of the
federal government sees nothing wrong with it."
FINCEN director Stanley Morris is more blunt: "Russia's
banking system is a cesspool."
FIN_sin
