Mexican businessman gets 20 years for a second time in Zetas case

Previous Topic Next Topic
 
classic Classic list List threaded Threaded
2 messages Options
Reply | Threaded
Open this post in threaded view
|

Mexican businessman gets 20 years for a second time in Zetas case

Bjeff


By Jazmine Ulloa

Mexican businessman Francisco Colorado on Wednesday was sentenced for a second time to 20 years in prison for conspiring to launder money for the Zetas drug cartel and for attempting to bribe the federal judge in Austin who presided over his trial.

Colorado, who was initially sentenced to 20 years in prison, had been looking at an even longer sentence than before when both of his convictions were reversed last year and he lost both of his retrials months later. But U.S. District Judge Donald Walter seemed to lend a little more credence to Colorado’s claims.

“I am not excusing (his actions), but considering what has happened with the killings of anybody that (the Zetas) suspected, wouldn’t that provide (Colorado) some impetus for him to enter into the money laundering?” Walter asked the government.

Colorado, the 55-year-old owner of the environmental cleanup company ADT Petroservicios, first made headlines in the summer of 2012, when he was among nearly 20 people charged with pouring the Zetas’ funds through companies that trained, raced and bred quarter horses across the southwestern United States.

On the day Colorado was sentenced in September 2013, he, his son and business partner were charged in the bribery case.

Authorities said that Francisco Colorado Jr. and Ramon Segura met with undercover agents and were given a fabricated story that the judge would accept the money. The men agreed to pay the sum in return for a reduced penalty for Colorado, but they never came up with the cash, court records state. Sparks was never made aware of the plot, officials said.

Colorado Jr. and Segura pleaded guilty and were deported after serving yearlong prison sentences.

Source:
http://www.statesman.com/news/news/crime-law/mexican-businessman-gets-20-years-for-a-second-tim/nqq6S/
Reply | Threaded
Open this post in threaded view
|

Re: Mexican businessman gets 20 years for a second time in Zetas case

Chava
The US government seized from the Mexican businessman Francisco Colorado Cessa , aka " Pancho Colorado " more than 25 million dollars in bank accounts in that country and two private jets. Confiscated planes are Beechcraft King Air B200, with a value of at least 2 million, and Hawker 800XP, topped at 2.2 million.

http://zetatijuana.com/2016/03/29/eu-le-quita-25-mdd-y-dos-jets-a-pancho-colorado-empresario-ligado-a-zetas/