US authorities have sentenced four Colombian citizens for conspiring to launder over $1.4 million in drug trafficking proceeds from the US to Colombia.
The convicts belonged to a Colombia-based money laundering group that conspired to coordinate the collection of money from drug traffickers in several US cities. The group laundered the illicit proceeds through a series of bank accounts in the US and abroad. They used the proceeds to buy electronics and other goods in the US, which they later resold on the black market in Colombia, converting US-origin drug proceeds into Colombian pesos.
During the investigation, the group coordinated the collection of over $1,496,817 in drug proceeds. Colombian authorities helped arrest the convicts, who were then extradited to the US. Among them, the four convicts have received prison sentences totaling to more than 21 years. Meanwhile, one co-defendant is still at large outside the US.
Source: US Department of Justice
