Stablecoin Laundering Network Lands Colombian Crypto Broker in Prison
7 Articles
7 Articles
Crypto Broker Gets 13-Year Stretch For Laundering Drug Money
A Manhattan federal judge hit a Colombia cryptocurrency broker with over 13 years in prison Wednesday after he copped, along with a businessman with ties to the Cartier family, to laundering $14.5 million worth of Tether that facilitated narcotics transactions.
Bitcoin.com
BITRSSStablecoin Laundering Network Lands Colombian Crypto Broker in Prison
A Colombian cryptocurrency broker known as “Rey” has been sentenced to 160 months in federal prison for helping launder $14.5 million in drug proceeds using Tether’s USDT and participating in a cocaine importation conspiracy. The operation connected Colombian drug traffickers, an unlicensed American crypto exchange, and a web of shell companies. Prosecutors also secured a […]
Leonardo de Jesus Zuluaga Duque, known as “King”, received a 160-month prison sentence in the United States for a case that, according to Crypto Briefing, involved the laundering of approximately USD 14.5 million in USDT and a conspiracy to import cocaine. The court also ordered the confiscation of USD 14,750,000 and four-way digital assets under his control.
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