A former financial crime investigator says Hollywood has done a pretty good job depicting money laundering

The best movies about Wall Street

From Martin Scorsese’s “The Wolf of Wall Street,” to “American Psycho” starring Christian Bale, Hollywood has no shortage of Wall-Street-centric filmography. These films often distinguish themselves by interrogating why excess wealth and success are so often deemed synonymous in American culture.

Meet a government agent who laundered millions of dollars for Pablo Escobar.

Organized crime, including money laundering, drains $1.96T from the global economy annually

Overall, financial crime drains $3T from the global economy, with organized crime making up nearly $2T of that total. Drug trafficking is the second-largest drain on the global economy.

More than $2.6B has been laundered through US real estate in the past 20 years

All cash real estate transactions don't require extensive background and identity checks, creating a loophole for criminals who would otherwise be flagged for suspicious behavior to clean large amounts of money with one purchase. Real estate prices are easily manipulated and can be used to generate more income by renting the space, making it an attractive and common tool for money laundering.

Read about why America is obsessed with the stories of financial scammers.

Largely considered to be the inspiration for Gordon Gekko in the movie 'Wall Street,' Ivan Boesky was one of the most high-profile white-collar criminals and faced a $100M fine for insider trading in 1986.

Lack of regulation makes cryptocurrency a hotbed for money laundering.

Purchasing art is a common money laundering technique

Art is easy to transport internationally, susceptible to price inflation, and usually paid for with cash, making it a frequently used money laundering tactic. Additionally, loose regulations surrounding art transactions allow buyers to remain anonymous, adding an additional layer of ease for people trying to launder money.

Cocainenomics

How did Pablo Escobar rise up out of the Medellin barrios to become the CEO of a $4 billion business? This immersive look at the global drug trade spawned by the notorious drug lord, who at his peak controlled 80% of the cocaine supply in the US. This deep dive includes visualizations showing how logistics of drug smuggling evolved over the years and traces the economic impact of the industry.

Money laundering is a three-step process: placement, layering, and integration

"Placement" occurs when dirty money is introduced into the financial system. Then "layering" happens when the money is moved around to disguise where it actually came from. Finally, the money is placed in other assets or investments in a step called integration.

The FBI was thrilled with 'The Silence of the Lambs' and its portrayal of the agency

The film's ultimate purpose was to terrify, but the FBI made it clear that they appreciated the accurate, professional portrayals of its agents. "It never hurts to see the organization we all care about and know to be good well-depicted on the big screen," special agent Walter B. Stowe, Jr., wrote in a letter to director Jonathan Demme.

See the increase in financial crimes globally on a map

The Global Organized Crime Index tracks annual shifts in organized crime, ranging from drug and human trafficking to financial crimes. The map shows crime levels for each country, as well as a profile of the country's annual shifts.

Art theft is the third-largest source of criminal revenues worldwide.

There's a myth that Al Capone coined the term 'money laundering,' or the process of disguising the criminal origins of illegally obtained money so it can be used without detection.

A video showing how drug dealing really works

What motivates people to sell drugs? The "News on Drugs" series asks how people get drawn into the drug trade, unpacking the different goals and aims involved in dealing drugs. While there is a lot of focus on cartels, traffickers, and gangs...

'Bonnie and Clyde,' the 1967 film starring Warren Beatty and Faye Dunaway, was the first major American movie to feature graphic violence.

Director Arthur Penn used the then-new Squibb technology, which triggered realistic and bloody bullet wounds, to portray graphic violence, at the time a taboo in American cinema.

‘Oz’ was cable’s first hour-long drama

When the dark prison story debuted in 1997, it was HBO’s only drama and followed a principle that would come to define the network’s shows for decades: “‘I don’t care if they’re likable as long as they’re interesting,’” show creator Tom Fontana told Vice. “That was my mantra.”

A map of global drug trafficking

The worldwide illegal drug trade continues to flourish. Accounting for almost 1% of the world’s financial revenue, the cocaine trade alone boasts an annual turnover of an estimated $85 billion. This infographic, from Around the World: An Atlas for...

How 'based on a true story' is that film? A scene-by-scene review

Films based on history may diverge from reality or try to replicate it exactly, though this is difficult for a viewer to evaluate. This tool takes dozens of popular films based on a "true story" and ranks each scene by its authenticity compared to known historical accounts. See reviews for "Hacksaw Ridge," "The Wolf of Wall Street," and more.

'The Wire' was written by TV outsiders

The landmark HBO crime drama was created and written largely by former Baltimore police reporter David Simon and his creative partner, Ed Burns, a Baltimore police officer and school teacher. Those experiences—and the writers’ relative inexperience with television—led to a show uniquely informed by reality.

The 2011 film 'Moneyball' shifted ideas about sports and statistics

Based on the Michael Lewis book of the same name, the film starring Brad Pitt depicts the attempts of the 2002 Oakland A's to leverage data analysis to overcome their low-budget woes ($41M) and compete with big-budget teams like the New York Yankees ($125M). Other sports and leagues, including the NBA and NFL, would adopt a similar logic: find what the market undervalues and exploit it.

Worldwide cryptocurrency heists tracker

A look at the biggest cryptocurrency heists, be they from an exchange, smart contract, or a business, including amounts, methods, reparations, and consequences.

A Chinese-Mexican alliance marked one of history's largest nonviolent money laundering schemes

In 2019, Chinese-American gangster Xizhi Li was arrested for an expansive money laundering scheme spanning four continents. Li reportedly laundered hundreds of millions of dollars for cartel members, wealthy Chinese Americans, and other foreign countries.

Watch a man who counterfeited over $1M explain how to counterfeit money—including information about the materials and processes required to make fake money and how to spot a fake banknote.

Some robbers have been able to steal works of art with surprising ease

A number of heists have taken place in just a few minutes, relying on a small team and minor weapons. Once pieces are stolen, some are sold as high-quality replicas, leaving art collectors unknowingly holding original masterpieces in their collections.

Hollywood’s best scandals

With all the money, power, and beautiful people in Hollywood, it’s no wonder there’s no shortage of scandals. This list highlights 10 of the most salacious ones, from Marilyn Monroe’s affair with then-president John F. Kennedy, to the mysterious death of starlet Natalie Wood in 1981.

Learn about eight art heists that have gone terribly wrong

Half-baked plots, car troubles, and poor forgeries are some examples of blunders that led to failures in stealing works of art. For example, one heist by armed gunmen led to the theft of 20 van Gogh paintings. Before the robbers could declare victory, a flat tire on one of the getaway cars forced them to abandon the Dutch master's works and escape. They were later arrested for the crime.

The US dollar is the most popular note to counterfeit

Counterfeit operations are often controlled by rogue governments, drug cartels, and more. These organized crime rings often sell counterfeit bills wholesale, for anywhere between 40 and 70 cents per dollar.

Money 'mules' don't always know they are laundering money

Money mules are anyone who receives money in a laundering scheme and then sends it forward, either to another company or to a financial institution. While some money mules—often called smurfs—actually work with criminals laundering money, getting someone to receive and then send money has become a popular scam.

The OJ Simpson case interrupted soaps’ daytime dominance, changing the genre

OJ Simpson's 1995 murder trial was broadcast for months, bumping soap operas from the airwaves. Fittingly, the trial provided the same salacious story lines, compelling characters, and open-ended narratives that soaps offered viewers. The key difference, of course, was that the Simpson trial was real life.

‘The Giant Pool of Money’ remains one of the most acclaimed accounts of the 2008 housing bubble

This Peabody Award–winning "This American Life" episode traces how cheap global money, subprime lending, and Wall Street engineering inflated the housing bubble. Through vivid reporting and real voices, it became one of the defining works of 2000s financial journalism.

The movie adaptation of ‘The Big Short’ provided a visual for the 2008 housing bubble

A scene from "The Big Short" visualizes how Wall Street bundled shaky mortgages into complex housing bonds and sold credit default swaps on top of them—showing, step by step, how the structure of the 2008 housing bubble was vulnerable to collapse.

HBO's success inspired Showtime, AMC, Netflix, and more

HBO’s success in the early 21st century bred plenty of imitators, who were now more willing to embrace darker, more challenging series like “Weeds,” “Mad Men,” “Breaking Bad,” and “House of Cards.”

Movies that killed these 17 actors' careers

Hollywood's history is checkered with flubs and successes, and many actors have suffered from portraying specific roles, even if the films were successful. This list goes into 17 acting careers that took a nosedive after a specific role, including Elizabeth Berkley in "Showgirls" and Sofia Coppola in "The Godfather: Part III." Read the rest here.

See how DOJ prosecutors took down a pharmaceutical company's executives over the opioid crisis

This FRONTLINE documentary follows federal prosecutors as they used anti-racketeering laws to convict executives at Insys Therapeutics, a pharmaceutical company that bribed doctors to overprescribe a fentanyl painkiller.

HBO’s biggest flops

Although HBO is known for its high-quality programming, that doesn’t mean it hasn’t missed the mark from time to time. Shows like “The Mind of the Married Man” and “John From Cincinnati” missed the mark in numerous ways, with both critics and audiences.

Anti-money laundering laws forcing banks to report data have become important foreign policy tools

Since the Bank Secrecy Act of 1970, which required banks to report transactions exceeding $10K and keep records on customers, anti-money laundering laws have become an important proxy for American foreign policy initiatives. Increased regulation via financial institutions helps curb drug and human trafficking, as well as destabilize the financial infrastructure for terrorist organizations.

'Moneyball' author Michael Lewis believes sports betting is a problem for young men

The noted journalist and author of "Moneyball," "The Big Short," and "The Blind Side" has now fixed his discerning eye on the sports-betting industry. In this interview, he explains why he sees sports betting as a problem for American society, especially boys and young men, and why he believes the government needs to regulate the nascent industry more seriously.

An overview of drugs, crime, and cartels in Mexico

In 2006, the Mexican government launched a war on the drug cartels. The cartels and the drug trade fuel rampant corruption and violence in Mexico, contributing to tens of thousands of homicides in the country each year. Mexican drug cartels are also...

How to dine like they do in 'The Bear'

One of the most exciting aspects of FX's hit show "The Bear" is how it highlights real Chicago restaurants and businesses. This guide to some of the restaurants visited by the show’s characters (and a few that aren’t) includes the real Michelin inspectors’ notes on each spot.

Francis Ford Coppola began working on 'The Godfather' to bail his production company out of dire financial straits.

Country musicians grappled with the outlaw archetype on screen

As country grew more popular, some of its biggest stars leapt to the silver screen, with Johnny Cash in "Five Minutes to Live," Kris Kristofferson in "Pat Garrett and Billy the Kid," and Dolly Parton in "9 to 5." Kristin Hunt notes that all of these films featured country stars toying with the outlaw archetype, a prevalent theme throughout the history of country music.

The United States currently ranks number one for countries that enable the most financial secrecy

Financial secrecy refers to complex systems that make it easy for people and companies to hide assets. High levels of financial secrecy are associated with illegal activity, like drug trafficking and money laundering. Lax regulations around reporting who owns trusts, real estate, and businesses impact the United States' global financial secrecy ranking.

Actors on 'All the President's Men' immersed themselves in real-world reporting

Dustin Hoffman and Robert Redford spent months shadowing the real Carl Bernstein and Bob Woodward—working at The Washington Post, living with Bernstein's family, and studying their mannerisms—to bring authentic nuance to their portrayals of Watergate's investigative journalists.

The director of 'The Big Short' is still angry about 2008

Adam McKay adapted Michael Lewis's book "The Big Short" into a hit film about how the 2008 housing market crash began. Now, many years later, the two reflect on the film and the events that brought it about.

In recent years, Netflix has shifted away from scripted originals toward low-cost reality programming.

Financial institutions use 'Know Your Client' standards to prevent money laundering

KYC standards include verifying customers' identities and conducting regular account checks for high-risk clients to avoid money laundering schemes. These standards obligate banks to report suspicious customers and activity.

Visualizing Hollywood's flops and winners in 2023

Is the movie worth watching? See how this year's cinematic releases compare with one another by revenue and popularity with this simple chart. Hollywood movies can be ranked on two axes: their popular rating and total revenues earned. In this data...

'The Sopranos' is often seen as the start of 'prestige television'

HBO’s The Sopranos followed New Jersey mob boss Tony Soprano as he struggled to balance his violent criminal life with his personal and family issues. Its blend of crime drama, pitch-perfect comedy, and intergenerational family dynamics made for a complex show not easily reduced to typical genre tags.

'House of Cards' was Netflix's first original prestige drama

When Netflix released the David Fincher-directed political drama series "House of Cards," it marked a watershed moment for both the company and the broader entertainment industry, dramatically shifting how audiences consumed televised entertainment.