wmlro.com: former broker laundered money from jail
In one of the more bizarre money laundering cases of recent times, jailbird Roy Ageloff spent his time in prison setting up laundering schemes.
Ageloff is a former New York stockbroker who was sentenced to eight years in jail on charges of racketeering.
He had made millions of dollars in a variety of securities frauds. And he and his brother laundered the funds by buying cars and jewellery and, of course, houses.
But they also laundered USD3.5 million by investing in films. Last year, before his sentence finished, Ageloff pleaded guilty to laundering more money using his brother and a network of others who bought and looked after assets for him.
It being certain he would receive another jail sentence, he was not released at the end of his previous sentence - and now he's been sentenced to a further five years.
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