A company has been indicted on charges of sending billions of dollars overseas to help hide money for clients that included drug dealers and possibly terrorists, prosecutors said Thursday. Manhattan District Attorney Robert Morgenthau said Beacon Hill Service Corp. illegally sent money abroad for individuals, shell companies and South American currency exchanges. During 2001 and 2002, Morgenthau said, wire transfers from just four of Beacon Hill’s 40 accounts totaled more than $3.2 billion. “The money came from drug dealers and tax evaders, and some of the money was going to the Middle East,” he said. Morgenthau said his office was trying to trace money sent to Saudi Arabia and the United Arab Emirates. Asked whether the money was going to terrorists, Morgenthau said, “It could be.” Full Story
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