ABSTRACT
This chapter focuses on money laundering and how it can be used to conceal the proceeds of fraud.
In 1997, William H. Koop, a US citizen from New Jersey, began to represent himself as an experienced investment advisor. Even though he had no financial credentials or education beyond high school, Koop, a retired contractor, began selling a high-yield investment program that he claimed could produce returns as high as 489% over a 15-month period, allegedly with little or no risk.
