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Fri Mar 1, 2013, 12:57 AM

US seeks $2.5 million in laundering case against former Carnegie Mellon University trustee

EL PASO, Texas (AP) Federal prosecutors are seeking the forfeiture of $2.5 million in cash from a former Carnegie Mellon University trustee accused of conspiring to launder more than half a billion dollars for a drug cartel.

An indictment filed Wednesday in Texas alleges that El Paso lawyer and philanthropist Marco Delgado defrauded millions from a firm doing business with a Mexican utility and used that money to underwrite a lavish lifestyle.

According to the indictment, Delgado wired $200,000 to Pittsburgh in July, 2010. Carnegie Mellon is in Pittsburgh, but it's not clear from the indictment if the money was donated to the university. The school says only that it is cooperating with authorities.

Delgado could be sentenced to up to 20 years in prison if convicted. Authorities also have requested forfeiture of $2.5 million in cash, a house and furniture in El Paso and a New Mexico apartment, as well as two vehicles.

More at http://www.chron.com/news/texas/article/US-seeks-2-5-million-in-lawyer-s-laundering-case-4316726.php

[font color=green]Fifteen money laundering and two wire fraud counts against the former attorney.[/font]

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Reply US seeks $2.5 million in laundering case against former Carnegie Mellon University trustee (Original post)
TexasTowelie Mar 2013 OP
LeftInTX Mar 2013 #1
Mopar151 Mar 2013 #2

Response to TexasTowelie (Original post)

Fri Mar 1, 2013, 01:37 AM

1. My head is spinning

Last edited Fri Mar 1, 2013, 02:41 AM - Edit history (1)

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Response to TexasTowelie (Original post)

Fri Mar 1, 2013, 01:48 AM

2. They smell that "easy money"

And it's like showin' a crackhead a fresh pipe.

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