Neither MURCIA GUZMÁN nor PABON CASTRO was listed as owners of the Blackstone Account. Thereafter, the individual opened an account at Merrill Lynch in the United States, under the name "Blackstone International Development" (the "Blackstone Account"). MURCIA GUZMÁN and PABON CASTRO asked the individual to set up an account in the United States where these funds could be deposited. dollars - that they could not deposit into the Colombian banking system. They used the Colombian Black Market Peso Exchange, an informal value transfer system commonly used to launder illicitly-obtained dollars in the United States, in exchange for pesos taken in for "legitimate" purchases in Colombia.įor example, in the fall of 2007, MURCIA GUZMÁN and co-defendant MARGARITA LEONOR PABON CASTRO approached another individual in Colombia and said that they had cash – apparently in U.S. MURCIA GUZMÁN and five co-defendants - employees and affiliates of DMG –- laundered narcotics proceeds through DMG and DMG's affiliated companies. By 2008, DMG's customers numbered approximately 400,000. DMG sold these pre-paid debit cards to customers in Latin America, who could use them to purchase electronics and other items at retail stores operated by DMG. The United States will never be a haven for illegal funds."Īccording to the Superseding Indictment and statements made during the guilty plea proceeding:ĭAVID EDUARDO HELMUT MURCIA GUZMÁN created DMG in 2003 as a vehicle for a multi-level marketing scheme, through which customers could buy pre-paid debit cards. As they develop more and more sophisticated methods of concealing their criminal proceeds, we will continue to track them, working with our law enforcement partners to bring them to justice. Criminals have an increasingly global reach. United States Attorney PREET BHARARA stated: "The so called ‘Bernie Madoff of Colombia’ now stands convicted of money laundering in Manhattan federal court. Group ("DMG"), pleaded guilty to conspiring to launder millions of dollars worth of narcotics proceeds through DMG. GILBRIDE, the Special Agent-in-Charge of the Drug Enforcement Administration's New York Field Division ("DEA") and PREET BHARARA, the United States Attorney for the Southern District of New York announced late yesterday that DAVID EDUARDO HELMUT MURCIA GUZMÁN, the founder of the Colombian marketing giant D.M.G. Leader of International Money Laundering Organization Pleads Guilty News from DEA, Domestic Field Divisions, New York News Releases,
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