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Drugs and Money Laundering #94823

ABC Evening News for Thursday, Mar 14, 1985
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(Studio) Report introduced
REPORTER: Peter Jennings

(NYC) Tony's Pizzeria here noted one of many such restaurants acting as front for Mafia heroin scheme directed from Sicily by Gaetano Badalamenti, Tommaso Buscetta, Michele Greco; importance of money laundering to drug trade explained. International legitimate investments with laundered drug money, uncovered by "20/20", listed; roles of Merrill Lynch and E.F Hutton in laundering Mafia money discussed. E.F. Hutton, despite FBI and Customs warning to the contrary, reported warning its Mafia customers in Switzerland of government investigation. [Deputy United States Customs commissioner Patrick O'BRIEN - notes Hutton's actions have hidden laundering process.] [US attorney Rudolph GIULIANI - cites inquiry's delay due to E.F. Hutton.]
REPORTER: Sylvia Chase

(Studio) "20/20" announced.
REPORTER: Peter Jennings

Chase, Sylvia;
Jennings, Peter

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