Did Wachovia and other US banks launder Mexican and Colombian drug money?

[w¡n9Nµ7 §£@¥€r 123]

Wachovia is being investigated by federal prosecutors as part of a larger probe of alleged laundering of drug money, according to a published media report.

...

A Wachovia representative said the company is cooperating with the investigation, the report added.

The probe is related to the alleged laundering of drug revenue by Mexican and Colombian money-transfer companies, the report said. Wachovia is one of several large banks that officials have investigated because of relationships with such companies, according to the report.

http://www.thestreet.com/s/report-prosecut...g/10413985.html

[Ken y Leidys 20]

Wachovia has been in the headlines recently due to the sub-prime disaster currently taking place. Can you say, "Up in smoke?"

[LaGreenEyes 0]

Well..they're pretty big in SoFla and Texas........