Former Congressman Probed by FBI for Money Laundering

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Former Congressman Robert Wexler’s campaign accounts came under investigation after authorities learned that monies were funneled into a real estate loan on a property owned by Wexler campaign investment manager, Roy T. Amico.

Sources that were interviewed by the FBI said that agents were looking into a transaction in which $150,000 was invested in a second mortgage on a Miami home owned by Amico and his brother Armand. The monies used to make the loan were supplied by campaign contributors.

Most campaign monies are generally kept in federally insured bank accounts, but laws in recent years have been relaxed to allow funds to be invested in stocks, bonds or other financial instruments. Investing monies in real estate was termed “highly unusual” by the agents involved in the case. The home is now in foreclosure and the loan a total loss.

Months after the FBI began asking questions about the campaign funds, Wexler abruptly announced that he was quitting Congress, and resigned on Jan 2. When contacted by The Miami Herald, he declined comment.

The Miami Herald

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