March 16 2018
A Texas gold refinery has agreed to be fined $15 million after three former employees were convicted in a $3.6 billion money-laundering case involving South American gold.
Dallas-based Elemetal LLC pleaded guilty in Miami federal court Friday to one count of failure to maintain an adequate anti-money-laundering program. A judge must still approve the plea agreement.
Samer Barrage, Renato Rodriguez and Juan Granda pleaded guilty last year to importing illegally mined gold from Peru and other South American countries into the United States.
