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Colombian sentenced to 13 years in US prison for money laundering with cryptocurrencies

FinanceInternationalEl Tiempo40 s readAI summary
Image: El Tiempo

Leonardo de Jesús Zuluaga Duque, alias 'Rey', 63, a resident of Colombia, was sentenced in the United States to 160 months in prison, five years of supervised release and the forfeiture of more than $14.7 million. According to the Southern District of New York Attorney's Office, he oversaw a network that converted illicit money, including drug proceeds, into Tether and moved it through shell companies. The group laundered about $14.5 million between May and November 2023.

In 40 seconds

  • Zuluaga Duque received 160 months in prison, five years of supervised release and a forfeiture of more than $14.7 million.
  • The Southern District of New York Attorney's Office says he oversaw a network that converted drug money into Tether.
  • The group laundered about $14.5 million in Tether between May and November 2023, according to prosecutors.
Read the full story at El Tiempo

IASummary generated by artificial intelligence from a story by El Tiempo. It may contain errors: the original source prevails.

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