Thu, Sep 10, 2020

Sherine Ebadi Talks About Investment Fraud and Money Laundering With Bloomberg Radio: Balance of Power

Hear more about investment fraud and money laundering from Sherine Ebadi, Associate Managing Director in the Business Intelligence and Investigations practice at Kroll, a division of Duff & Phelps, in an interview with Bloomberg Radio: Balance of Power

Sherine explains how money laundering works in relation to the Bannon Fraud charges. She states, “Money is taken from hardworking Americans … who are giving it to a cause they believe in. It’s then diverted through a series of accounts, false invoices and false vendors, and the money ultimately goes back to the perpetrators of fraud. 

Sherine further adds, “The money becomes dirty because the intent of the individuals is to defraud. Bannon and his co-conspirators told these individuals they were giving money to build a wall and 100% of that money would be used for that exact purpose. However, based upon the allegations in the indictment and some of the emails, it’s clear that they did not intend for 100% of that money to go to that purpose.” 

Listen to the full interview here.

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