A Mexican nationwide has been sentenced to eight years and 4 months in jail as a serious participant in a drug cash laundering conspiracy that used crypto.
In line with a brand new U.S. Division of Justice (DOJ) press release, Jose “Meno” Martinez of Guadalajara, Mexico, helped drug traffickers launder cash in Mexico.
Martinez laundered $5.5 million in drug cash, transferring the funds to Mexico by way of crypto whereas holding a proportion payment for himself.
Because of Martinez’s dealings, the U.S. Drug Enforcement Administration (DEA) has seized $1.35 million in bulk US forex, along with “roughly 3 kilograms of fentanyl, 52.77 kilograms of cocaine, 7,078.63 kilograms of unconverted methamphetamine within the type of charcoal lumps, 170 gallons of unconverted methamphetamine within the type of coconut oil, 140 kilograms of methamphetamine and 15 gallons of liquid methamphetamine.”
Earlier this week, the DOJ additionally introduced that two Florida males are going through the potential of a number of many years in jail after allegedly masterminding a fraudulent scheme to steal over $100 million from a nonprofit group set as much as handle funds for folks with particular wants and disabilities.
The DOJ alleges that Leo Joseph Govoni, John Leo Witeck and one unnamed co-conspirator purloined the Heart for Particular Wants Belief Administration client-beneficiary funds and hid their embezzlement by way of complicated monetary transactions, allegedly sending fraudulent account statements with false balances to their disabled shoppers.
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Featured Picture: Shutterstock/Pavel Chagochkin/Sensvector
