US Prosecutors Says Illegal Gold Used in Money-Laundering Scheme
A man who considered himself the Pablo Escobar of gold smuggling and two other former workers at a Miami-area refinery imported more than $1 billion in illegally mined gold from South America in a vast money-laundering scheme from 2013 to 2016, U.S. prosecutors say.
July 10, 2017 at 11:00 PM
4 minute read
A man who considered himself the Pablo Escobar of gold smuggling and two other former workers at a Miami-area refinery imported more than $1 billion in illegally mined gold from South America in a vast money-laundering scheme from 2013 to 2016, U.S. prosecutors say.
In a criminal complaint, the U.S. said that the three ex-employees of NTR Metals Miami and accomplices from several South American countries coordinated the purchase of illegally mined gold originating from Peruvian mines controlled by drug traffickers.
“The international gold trade has become a common method for the laundering of illegal mining, narcotics and other criminal proceeds,” said the complaint filed by prosecutor Francisco Maderal.
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