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19 indicted in international drug money laundering scheme through Mass. – Boston News, Weather, Sports – Boston, Massachusetts

Boston, Massachusetts 2022-05-24 17:34:16 –

Boston (AP) —Federal prosecutors said Tuesday that 19 people were charged with a complex money laundering program to move millions of dollars of drug revenue from a Colombian cartel through a US bank.

The charges raised in federal court in Massachusetts are the result of a five-year investigation into a Colombian-based money laundering organization. Authorities say they have washed at least $ 6 million through the US banking system.

Two were arrested in Jamaica and three in Florida on Tuesday, officials said. Last month, another person was arrested in Florida and another 12 in Colombia. Prosecutors are seeking the delivery of Colombian and Jamaican defendants to the United States, officials said. One is mostly left.

Jolene Simpson, a special agent responsible for the Internal Revenue Service’s criminal investigation in Boston, said:

Rachael Rollins, a US lawyer in Massachusetts, told reporters that the indicted people played a variety of roles in the plot, including drug suppliers and dollar buyers.

The plan included the use of so-called “peso brokers,” who agreed to give pesos to drug traffickers in exchange for the profits of US drug sales, Rollins said. According to Rollins, the criminals were given drug money in suitcases and bags on the street, and the peso broker deposited the money in a US bank.

To make it look like a legitimate business activity, we deposited in bank accounts owned by front companies and individuals, or in different bank accounts through multiple small deposits.

According to Rollins, about 3,000 kilograms (£ 6,600) of cocaine confiscated (street value is over $ 90 million) dates back to money laundering organizations.

(Copyright (c) 2022 Sunbeam Television. The Associated Press contributed to this report. AllRightsReserved. This material may not be published, broadcast, rewritten, or redistributed.)

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19 indicted in international drug money laundering scheme through Mass. – Boston News, Weather, Sports Source link 19 indicted in international drug money laundering scheme through Mass. – Boston News, Weather, Sports

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