Richard

Cryptocurrency

United

Jesus

Bueno

A Federal Grand Tribunal in Florida charged nine defendants and their six associates for an alleged conspiracy to convert U.S. dollars, proceeds from drug operations of Mexican cartels, into different cryptocurrencies. 
According to a press released issued by the <a href="https://www.justice.gov/usao-sdfl/pr/fifteen-defendants-charged-operation-targeting-conversion-bulk-us-cash-proceeds-drug" target="_blank" rel="noreferrer noopener nofollow">U.S. Department of Justice</a>, the federal grand tribunal in Southern district of Florida on November 20 charged the individuals for their alleged role on behalf of drug conglomerate cartels in Mexico and Colombia. 
According to reports, between the year 2020 and mid-2023, nine defendants and their co-conspirators worked together to pick up the bulk of cash, derived from drug sales in different cities all around the United States. The press release further stated that the accused would then coordinate to exchange the cash for cryptocurrency and then circulate them to wallets restrained by the suspects or their cooperator. 
The cryptocurrency would then be transformed into money and after that, it would be forwarded to crew leaders in Mexico and Colombia. 
As alleged in court documents, Nilson Sneyder Vasquez Duarte, a/k/a “Sobri,” a/k/a “Sobrino,” (Duarte), 34, and co-conspirators coordinated the delivery of cash and cryptocurrency to black market cryptocurrency exchangers, including to Hernan Horacio Richard Samper (Samper), 59, Maria Eugenia Landeros Rosas, a/k/a “Yeni,” (Landeros), 52, Raimundo Carlos Rodriguez Huter (Huter), 40, Mayccol Hejeile Morales (Morales), 36, and Hernan Julian Calvo Bueno (Calvo Bueno), 34. Sergio Fernando Vargas Alvarez (Alvarez), 37, Juan Carlos Riano Muentes (Riano), 36, Jesus Ivan Rincon Martinez (Rincon), 45, Morales, and Calvo Bueno also played a role as couriers, physically transporting the cash between U.S. cities. 
All nine suspects are charged with one count of sedition to commit money laundering and one count of the operation for illegitimate money transferring business. Duarte, Landeros, Huter, Rincon, Morales, Calvo Bueno, and Alvarez are also charged with essential money laundering counts. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/08/04/terror-orgs-seek-crypto-donations-using-monero-un-report/" target="_blank" rel="noreferrer noopener">Terror Groups seek Crypto donations using Monero: Alarming UN report</a> 
</blockquote>

15 Charged for converting Drug Cartels’ Cash into Cryptocurrency in U.S.

The Crypto Times

Other articles published on Nov 22, 2024

Floki Joins Forces with Animoca Brands' Forj to Launch $MONKY Memecoin

US Spot Bitcoin ETFs Surpass $30B Cumulative Inflows Amid Market Rally

Market Whales Back These 4 Affordable Coins for a Potential 60,000x Boom

Vanguard’s Kevin Khang warns Trump policies could trigger inflation

MARA Holdings Completes Record $1 Billion Bitcoin Financing Deal

Gary Gensler Announces Resignation as SEC Chair

Join our free newsletter for daily crypto updates!