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March 24, 2016

Justice Dept Probes Blackwater Founder for Money Laundering, Brokering
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The Intercept has revealed that the Justice Department is investigating
Blackwater founder Erik Prince for possible money laundering, ties to
Chinese intelligence, and attempts to broker military services to
foreign governments. Prince is currently the chairman of Frontier
Services Group, an aviation and logistics firm specializing in shipping
in Africa. But documents obtained by The Intercept show that Prince has
also set up shell companies to offer paramilitary services to at least a
half-dozen African nations, including Libya. Both the United States and
the United Nations have imposed a series of restrictions on military
dealings in Libya. Prince is also suspected of attempting to open
Chinese bank accounts to move money for his Libyan associates. A former
intelligence official told The Intercept, "Money laundering for Libyan
officials using a Chinese bank-that is the issue that pushed it over the
edge." We'll have more on this story with journalist and Intercept
co-founder Jeremy Scahill tomorrow.
Topics:Blackwater

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