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Fri Mar 15, 2013, 10:30 AM

19 charged with conspiring to launder millions in narcotics proceeds from US to Colombia

Source: Associated Press

19 charged with conspiring to launder millions in narcotics proceeds from US to Colombia
By The Associated Press March 15, 2013 9:03 AM

NEW YORK, N.Y. - Nineteen people are charged with conspiring to launder tens of millions of dollars in narcotics proceeds from the United States to Colombia.

According to indictments unsealed Thursday in federal court in Brooklyn, the alleged scheme began in 2006.

Twelve of the defendants, who allegedly acted as money brokers, were arrested in Colombia. Authorities say they assisted drug trafficking organizations in Colombia by laundering the drug proceeds in the United States. They allegedly operated out of shopping malls in Cali, Colombia.

Four other defendants were arrested Thursday in Queens, Long Island, New Jersey and Connecticut. Three others were already in custody.

Read more: http://www.canada.com/news/charged+with+conspiring+launder+millions+narcotics+proceeds+from/8102500/story.html

8 replies, 1483 views

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Reply 19 charged with conspiring to launder millions in narcotics proceeds from US to Colombia (Original post)
Judi Lynn Mar 2013 OP
Earth_First Mar 2013 #1
KansDem Mar 2013 #2
SamKnause Mar 2013 #3
The Magistrate Mar 2013 #4
denverbill Mar 2013 #5
Roy Rolling Mar 2013 #6
Wilms Mar 2013 #7
Volaris Mar 2013 #8

Response to Judi Lynn (Original post)

Fri Mar 15, 2013, 10:33 AM

1. Clearly they should have been using HSBC...

Amateurs.

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Response to Judi Lynn (Original post)

Fri Mar 15, 2013, 10:35 AM

2. So are any bank CEOs going to prison?

Prosecutors say the seven defendants served as go-betweens. They allegedly took the proceeds from narcotics distributors in the U.S. and delivered the money to other members of the organization.

Nope...just their "mules."

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Response to Judi Lynn (Original post)

Fri Mar 15, 2013, 10:40 AM

3. Drug money laundering

If it isn't against the law for banks to launder drug money, it should not be illegal for individuals to launder drug money.

Two tier justice system anyone ?

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Response to Judi Lynn (Original post)

Fri Mar 15, 2013, 10:43 AM

4. And Not A Banker In The Bunch, Ma'am, Eh?

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Response to Judi Lynn (Original post)

Fri Mar 15, 2013, 10:43 AM

5. Shouldn't they just have paid a small fine and apologized like HSBC?

Is it too late for them to incorporate?

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Response to Judi Lynn (Original post)

Fri Mar 15, 2013, 11:02 AM

6. Too slow

I was gonna make the comment that the defendants have all applied for a bank charter but everyone beat me to it.

This is a tough room!

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Response to Judi Lynn (Original post)

Fri Mar 15, 2013, 11:23 AM

7. Pretty bold to be hustling HSBC turf.

They're lucky to have not had their knees broken.

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Response to Wilms (Reply #7)

Sat Mar 16, 2013, 03:29 AM

8. ok that made me laugh.

you gat a gold star today

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