Wachovia Money Laundering

Where Are the Prosecutions? SEC Lets Citi Execs Go Free After $40 Billion Subprime Lie

Zach Carter | Posted 05.25.2011

Zach Carter

What is the penalty for bankers who tell $40 billion lies? Somewhere between nothing and a rounding-error on your bonus.

Wall Street Is Laundering Drug Money And Getting Away With It

Zach Carter | Posted 05.25.2011

Zach Carter

Wachovia Bank is accused of laundering $380 billion in Mexican drug cartel money, and is expected to emerge with a slap on the wrist thanks to a government policy which protects megabanks from criminal charges.

Wachovia To Settle Money Laundering Case For $160 MILLION

AP | CURT ANDERSON | Posted 05.25.2011

MIAMI — Banking giant Wachovia Corp. will pay $160 million to settle a federal investigation into laundering of illegal drug profits through Mex...

Wachovia Investigated By Feds In Drug Money Laundering Probe

CNNMoney | Posted 05.25.2011

Wachovia Corp. is being investigated by Federal prosecutors as part of a probe into alleged drug money laundering by Mexican and Colombian money-trans...