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Game of Crimes

63: Part 2: Keith Cregan Follows The Money with Drug Traffickers and China

Game of Crimes

Game of Crimes

True Crime

4.81.5K Ratings

🗓️ 18 August 2022

⏱️ 85 minutes

🧾️ Download transcript

Summary

Lt Keith Cregan, Morristown, NJ Police is also a Task Force Officer with the IRS. In 2014, he led the investigation of a drug trafficker who had made millions of dollars importing cocaine, and then hid his illegal proceeds through 1,287 cash deposits in over 20 banks totaling $7.5 million. Lt. Cregan dissected the complex scheme which led to the conviction of the trafficker and the forfeiture of millions of dollars in assets. He also discusses the complex world of money laundering from China.



Transcript

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0:00.0

Well, it's like you said, if he's not found the flight plans under the 135, which would

0:17.9

be income producing, where's the money coming from?

0:21.4

So what he did was, is he would fly what we learned through the interviews is he was

0:26.2

flying contractors. So he might have flown 15, 20 different contractors down the

0:31.0

Guyana to work on this hanger. And at the time, if you look up a flight to Guyana from

0:38.4

JFK, it could be 500 bucks. But he would fly these contractors down on his plane and it

0:44.6

would cost $40,000 to fly there and back. So it made no sense. Why wouldn't you just

0:50.0

put these contractors on a commercial flight? Well, me thinking about it, if there was ever

0:57.3

an issue where something was found, I would maybe blame the contractor. Welcome to Game of Crimes.

1:20.0

Now, the aircraft that he was using, these weren't just twin engines were, these are very

1:28.2

nice jet planes, right? Yeah, again, I, I, I, Lear jets, um, he had actually in his money

1:38.1

lowering scheme, he had purchased his first first jet. And, you know, when you're earning cash

1:44.8

and you're spending it now on fuel and maintenance and pay off that the plane, now you're spending

1:49.6

cash to pay off the previous owner of the hangers. And you're, you're depositing cash and moving

1:55.9

in a way, it all kind of stems now from, from this cash and it thirties up everything that he's,

2:01.4

he's touching. So he actually had three planes, um, one of which was, was seized at the border for

2:07.6

the border stop. Then another one that was seized, um, we seized that was his main plane that was

2:14.4

actually being main, it was, it was, um, it was being fixed when he was flying that the second plane.

2:20.5

And then we seized a third plane, which was a plane that we saw him purchase sourced with the drug

2:26.8

cash. Um, but it was a plane that he was going to dump more money into maintaining and getting it

2:32.7

up to, you know, up to speed. And that was, you know, a bigger, a bigger plane, a challenge,

2:39.0

right? I think it was. Yeah, let's roll back for a little bit and talk about, let's go back to

...

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