Laundering mafia money with diamonds? Swiss trader faces accusations
A Swiss precious metals and gems trader allegedly bought $750,000 worth of diamonds in a laundering scheme totaling $35M.
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"C. bought the diamonds through an Israeli diamond exchange outside Tel Aviv to launder the Italians’ illicit gains, prosecutors say. The man is also accused of selling 10 kilograms of gold without sufficient due diligence on the buyer, or the proper authority from Switzerland’s financial regulator Finma."