Episode 135: Michael Tabman – Drug Cartel Money Laundering

Retired agent Michael Tabman served in the FBI for 24 years. During his early career, he was assigned to a FBI–NYPD Drug Task Force were he gained extensive investigative experience. In this episode of FBI Retired Case File Review, Michael Tabman reviews the case of Stephen Saccoccia, a coin dealer who was convicted of laundering Colombian drug cartel money by creating phony invoices and buying and reselling the same bars of gold. Saccoccia was sentenced to 660 years in prison. After the successful conclusion of this case and others, Michael Tabman rose through the ranks of the FBI reaching the level of Special Agent in Charge of the Minneapolis Division, commanding 250 FBI Agents throughout three states. Since retiring from the Bureau, Michael Tabman has become a sought after speaker for corporate events, is called upon as a media crime and security analyst, and, at one time, had his own radio talk show. He is the author of three books. His novel Bad Intent was inspired by the Saccoccia money laundering case and his years on the FBI-NYPD Drug Task Force. You can learn more about Michael Tabman on his website, MichaelTabman.com.

Special Agent in Charge

Michael Tabman

9/6/1983 – 3/18/2007

 

 

 

 

 

 

 

 

 

 

“They were laundering drug money through the gold industry. Bars of gold moving around, selling to each other, creating phony invoices.”

 

The following are links to newspaper articles about the Stephen Saccoccia money laundering case:

Time Magazine – 6/24/2001:  OrganizedCrime

Providence Journal – 11/24/2016: Drug cartels, dirty money and an R.I. couple: Saccoccia case recalled in book

NBC 10 New York – 5/23/2018: Convicted money launderer Saccoccia wants gold bars returned

Tabman’s second crime novel was inspired by the Saccoccia case. Bad Intent can be purchased here.

 

 

 

 

 

 

 

 

 

 

 

 

 

Jerri Williams

View posts by Jerri Williams
Jerri Williams, a retired FBI agent, author and podcaster, attempts to relive her glory days by writing crime fiction and hosting FBI Retired Case File Review, a true crime podcast available for subscription on Apple Podcast, Google Podcast, Spotify, and other popular podcast apps. Her novels—Pay To Play and Greedy Givers—inspired by actual true crime FBI cases and featuring temptation, corruption, and redemption, are available at amazon.com. 

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