A former professor at the University of Miami will reportedly plead guilty to a $2 million socialist Venezuelan corruption scheme.
Bruce Bagley, a former professor and chair of the International Studies Department, was an expert in money laundering in Latin American countries. He served as an expert witness in trials and formerly testified before Congress. He was also the co-author of a 2015 book, titled, Drug Trafficking, Organized Crime, and Violence in the Americas Today.
“About the only lesson to be learned from Professor Bagley today is that involving oneself in public corruption, bribery, and embezzlement schemes is going to lead to an indictment,” FBI Assistant Director in Charge William F. Sweeney said a statement.
Bagley was arrested on Nov. 18 and charged with one count of conspiracy to commit money laundering and two counts of money laundering. Each money-laundering charge carries a maximum sentence of twenty years in prison. More