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.
Justice Dept Probes Blackwater Founder for Money Laundering, Brokering
HeadlineMar 24, 2016