User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


74° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

The Laundry Man

January 29, 2014, 10:05 PM by Angela Kennecke

The Laundry Man
Ken Rijock

SIOUX FALLS, SD -

A Miami attorney spent a decade laundering millions for the mob. He was in Sioux Falls today to teach bankers how to better spot this kind of financial crime.

It sounds more like a script off the 1980's TV show Miami Vice. But it was real life for money launderer Ken Rijock. 

The successful Miami attorney says he got involved with the wrong people and made a decision that forever changed his life. 

"Otherwise I would just be a 60-something bank lawyer in Miami," Ken Rijock said.

Instead, he is now the author of The Laundry Man, which chronicles his escapades in the underground world of the mob until he got caught. 

"I dealt with and represented a lot of American, Canadian and Columbian traffickers. I was fairly careful about who I worked with because I just didn't want to be a statistic. But the point is that it was a very fast-paced lifestyle," Rijock said.

Angela Kennecke: How easy was it to launder money?
Ken Rijock: Easier than brushing your teeth, unfortunately.

Rijock spent two years in prison. He was able to get his sentence reduced after helping the government crack a Swiss money laundering case. Once out, Rijock became a financial crime consultant. 

"The people who were involved in financial crime, unfortunately they have training and experience just as good as the people trying to catch us. And if they understand us a little more; they're in the position to stop us," Rijock said.

Rijock now spends his time traveling across the country promoting his book and talking to companies like Meta Payment Systems about how to prevent and catch the kinds of crimes he committed. He says while the laws have gotten tougher, technology actually makes money laundering easier.

"It's even easier now because you can do something in the privacy of your own office, which before required you to travel overseas and leave a paper trail," Rijock said.

While it seems like a victimless crime, the illegal activity does have an indirect and direct effect on our entire economy.  

Rijock says his next step is having his book turned into a Hollywood movie.

Ken Rijock's blog

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story
Dawley Farm Village Expands

7/25/2014 10:10 PM

If you don't live on the Sioux Falls east side, or haven't taken a drive over there lately, you may not have noticed all the new businesses.

Full Story | Watch
New General Motors Recalls

7/23/2014 2:24 PM

General Motors has issued six more recalls, involving more than 700,000 vehicles.

Full Story


Events