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Money laundering is big business. Criminals turning illgotten gains na assets that appear legitimate, they set up a maze of dummy corporations and offshore accounts. How easy it is, steve croft found out for 60 minutes. Reporter look no further for evidence than changing skyline of new york city where much of the pricey real estate is being snapped up not by individuals but by Anonymous Shell Companies with secret owners. There is nothing ilg leelegal as long as money is legitimate. Who the real buyers are. One of the reasons Global Witness, london based Nonprofit Organization that exposed International Corruption came to new york city 19 months ago. It wanted to see how helpful u. S. Lawyers would be in concealing questionable funds. This hidden camera footage was shot in law firms across manhattan, without the lawyers knowledge. By the man in the gray coat with the german accent. Its ralph . Ralph kaiser. Not his real name. An investigator for Global Witness, posing as representative
Yesterday we brought you into the seedy world of Money Laundering where lawyers and accountants set up shell come pans and offshore Bank Accounts to hide illgotten games. Global witness went undercover. Their investigator posing as an african government minister. Steve croft has part two of the 60 minutes story anonymous. Good to see you. The undercover investigator who called himself ralphh kaiser told the lawyers theinister used his official position to collect tens of millions of dollars in special spamts from foreign comepayments from foreign companies. He wanted to move the money to the United States to buy a house, a jet, and a yacht. So, wants to bring in the money. And then probably, buying gulf streamamjet. He wants to commission the building of a yacht and property. The story was intentionally devised to raise red flags and lead the lawyers to believe that the ministers money was dirty. During the meetings. Only one of the 16 lawyers, jeffrey herman, told him no. My standards
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