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Bling Bling Laundering

Bling Bling Laundering

It's like Rumpelstiltskin in reverse: Authorities arrested jewelers who took the Colombian drug money and exchanged it for gold, and then in turning smelting the fold "into various household items like solid-gold wrenches, light switches, belt buckles and screws" according to Newsday. And some were even painted over to be further hidden as WNBC reported. About $5.5 million in gold and diamonds were seized. The Times goes into greater depth about the investigation, aka El Dorado. more ›

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