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ROBERT VAN CANEGHAN, LOUIS MICELI, AND EDWIN CROOKS: THREE DRUG SMUGGLERS AND MONEY LAUNDERERS PART ONE

April 1, 2016

ROBERT VAN CANEGHAN, LOUIS MICELI, AND EDWIN CROOKS:  THREE DRUG SMUGGLERS AND MONEY LAUNDERERS

PART ONE

 

In the 1980s and 1990s three members of the Board of the American Stock Exchange, Robert Van Caneghan, Louis Miceli and Edwin Crooks, were involved in cocaine smuggling and money laundering.

 

When the investigation into this narcotics smuggling and money laundering was initiated in 1993, William Kallstrom, Assistant Director of the Federal Bureau of Investigation, killed an investigation into narcotics smuggling and money laundering by members of the Board of the American Stock Exchange.  The cover up was demanded by Arthur Levitt, then Chair of the Securities and Exchange Commission and former Chairman of the American Stock Exchange.  (More of that later.)

 

The important point to note is that Edwin Crooks was a specialist and name partner in the eponymous American Stock Exchange firm, Crooks and Oscher.  Robert Van Caneghan and Louis Miceli were partners in the eponymous American Stock Exchange firm, Miceli-VanCaneghan.

 

Originally I was informed of the money laundering and narcotics smuggling by Scott Schrammer, an attorney and close friend of Robert Van Caneghan.  (Robert Van Caneghan and Scott Schrammer were also law partners- VanCaneghan was a licensed attorney.  Scott Schrammer was a member of the American Stock Exchange.)

 

Louis Miceli, Robert VanCaneghan, and Edwin Crooks occupied a crucial position, which enabled them to smuggle narcotics and to launder drug money:  The three were members of the American Stock Exchange Board of Governors and these three could have members expelled and employees of the American Stock Exchange fired.  This was the same power, which Richard Grasso, Chairman of the New York Stock Exchange, held as his position as Chairman of the New York Stock Exchange.  (More of Richard Grasso later.)

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