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Miami Professor and Crime Expert Admits to Money Laundering

  • Bruce Bagley saw how Venezuelan officials used South Florida
  • Then he helped move millions in the other direction, for 10%
Bruce Bagley
Bruce BagleySource: GDA/El Universal/AP
Updated on

A Miami professor who wrote about drug trafficking and international organized crime pleaded guilty to laundering more than $2 million in a Venezuelan bribery and corruption scheme, U.S. prosecutors said.

Bruce Bagley, who served as a professor of international studies at the University of Miami, entered his plea on Monday in federal court in Manhattan, prosecutors said. They said he had studied how corrupt Venezuelan officials moved huge sums into South Florida and had built up a rich list of contacts with Latin American policymakers and U.S. anti-money-laundering officials -- then tried his own hand at it.