Colombian Crypto Broker “Rey” Sentenced to Prison for Laundering $14.5M in Drug Proceeds via USDT
A Colombian cryptocurrency broker known by the alias “Rey” received a 160-month federal prison sentence this week for his central role in laundering roughly $14.5 million in drug-trafficking proceeds through Tether’s USDT stablecoin and for conspiring to import cocaine into the United States. Leonardo de Jesus Zuluaga Duque, a Colombia-based broker, occupied a supervisory position in an international network that funneled illicit funds from Colombian drug traffickers into the U.S. financial system and back. Between
A Colombian cryptocurrency broker known by the alias “Rey” received a 160-month federal prison sentence this week for his central role in laundering roughly $14.5 million in drug-trafficking proceeds through Tether’s USDT stablecoin and for conspiring to import cocaine into the United States. Leonardo de Jesus Zuluaga Duque, a Colombia-based broker, occupied a supervisory position in an international network that funneled illicit funds from Colombian drug traffickers into the U.S. financial system and back. Between
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