Tuesday, June 3, 2008

International Drug Ring Sentenced

According to this recent blog at Money Laundering, Michael Hearns reports on a recent conviction of three Columbian nationals who were convited on guilty pleas of conspiracy to commit money laundering. Between the three Columbian nationals, there are 47 counts of money laundering. They were forced to give up $3 million of laundering funds.

From 2002 to 2006, the three laundered money promoting cocaine distribution throughout the US, Europe and Columbia. They used Mexican casas de cambinos, the Columbian Black Market Peso Exchange, and US Bank accounts to transfer the profit from the drug money to drug traffickers in Columbia.

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