Monday, February 23, 2009

Authorized Financial Advisors Involved in Money Laundering

Criminal gangs are often helped in money laundering by authorized financial advisors. Through mortgage fraud the advisors help these criminals to launder millions of Euros. Theodor Kockelkoren, the director of the supervisory authority of financial practices, says that in 2008, 150 advisors were investigated as against 100 a year earlier. A number of them are presently in jail.

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