S. Korean earthquake expert funneled bribes through US banks

The former director of South Korea's earthquake research center was convicted in federal court of laundering more than $1 million in bribes, prosecutors said Tuesday.Heon-Cheol Chi, 59, was convicted Monday of taking more than $1 million in bribes from companies in Pasadena and England and funneling proceeds through U.S. banks.Chi abused his government position with the Korea Institute of Geoscience and Mineral Resources by providing insider information to seismological companies doing business