Seven charged in Panama-Colombia Ponzi drug case

[Judi Lynn]

Source: Miami Herald

Posted on Saturday, 03.21.09
Seven charged in Panama-Colombia Ponzi drug case
BY GERARDO REYES
El Nuevo Herald

The principal suspects in a multimillion-dollar Ponzi scheme linked to scandals of alleged illicit payments to officials in Colombia and presidential candidates in Panama have been charged in a New York federal court with laundering drug trafficking profits.

At least 11 properties in South Florida and California have been seized in connection with the case, which involves the firm DMG and its principal broker and owner, David Murcia Guzmán. Six others were also charged.

According to the charges, the organization opened an account at a U.S. branch office of Merrill Lynch and deposited $2.1 million, an amount prosecutors hope to show is connected to money Mexican drug cartels paid to Colombian drug traffickers.

Following the scandal, several Colombian officials and one of President Alvaro Uribe's sons had to explain their links to the suspects.

Read more: http://www.miamiherald.com/news/americas/story/960777.html

[bluesmail]

1. Oh man, am I dreaming that a working DOJ is gathering up

'small fries' (starting from the bottom) to get those big kahunas that destroyed democracy...

[Azooz]

2. K & R