butterbean
Joined: 21 Jun 2006
Posts: 2269
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 Posted: Thu Oct 19, 2006 6:22 am Post subject: Feds Break Up Columbian Money-Launderers |
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WASHINGTON (AP) - Law enforcement agents broke up a Colombian money-laundering ring Wednesday, arresting 26 people in three countries and seizing more than $16.5 million in cash and drugs, drug enforcement officials said.
Arrests were made in Bogota and Cali, Colombia; New York, New Jersey, Florida and London, England, according to Drug Enforcement Administration officials. They requested anonymity because they were speaking in advance of the formal announcement later in New York.
More than $10 million in alleged drug profits and more than $6.5 million in cocaine, heroin and marijuana were seized in the operation conducted by DEA, the FBI, Immigration and Customs Enforcement, the Internal Revenue Service, New York city and state police and Suffolk County, N.Y., police.
The officials said the investigation targeted Colombian criminal organizations that laundered millions of dollars worth of illegal drug-smuggling profits through the sophisticated black market peso exchange, an illegal currency exchange system.
continued:
http://www.lasvegassun.com/sunbin/stories/bw-other/2006/oct/18/101805646.html |
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