A prominent Texan lawyer and philanthropist has been convicted of conspiring to launder hundreds of millions of dollars of drug money for a Mexican cartel, in a case raising the question what role US white collar criminals play in laundering drug profits....El Paso trade attorney Marco Antonio Delgado faces up to 20 years in jail for facilitating the laundering of up to $600 million between 2007 and 2008 for the Milenio Cartel....Delgado had worked as an informant for US law enforcement after he was arrested in 2007 with $1 million that he confessed was part of a trial run for a money laundering operation. But while working with law enforcement he continued laundering money in secret, said prosecutors, who played the court recorded phone calls between Delgado and alleged criminal associates.....Delgado, a former Carnegie Mellon University trustee and donor to the El Paso Symphony Orchestra, claimed he did not know the money he was moving was related to crime, and said law enforcement agents had lied and misrepresented facts in their testimony.
Posted on: Tue, 29 Oct 2013 15:44:11 +0000
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