Money Laundering

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Money Laundering

Parro
[ANOTHER OLD STORY, BUT TODAY'S NEWS REGARDING POLITICAL LAUNDERING FOR SPECIAL FAVORS WITH INTEREST BY DEA, THAT IS UNTOLD]

Source:  https://www.eleconomista.com.mx/politica/Exgobernador-de-Coahuila-Jorge-Torres-Lopez-se-declara-culpable-de-lavado-de-dinero-en-EU-20200617-0087.html

Ex-Governor of Coahuila, Jorge Torres López, pleads guilty to money laundering in the US
"Jorge Juan Torres López, 66, admitted to having made financial transactions in the United States to hide the bribes he received here in exchange for road construction contracts for the state of Coahuila," said the federal prosecutor for the Southern District of Texas, Ryan Patrick.
June 17, 2020, 19:28



Jorge Juan Torres López , a former governor of Coahuila , pleaded guilty to money laundering in a United States federal court and is now facing up to 20 years in prison, the US Department of Justice reported Wednesday.

"Jorge Juan Torres López, 66, admitted to having made financial transactions in the United States to hide the bribes he received here in exchange for road construction contracts for the state of Coahuila," said the federal prosecutor for the Southern District of Texas, Ryan Patrick .

Torres López, a politician from the Institutional Revolutionary Party (PRI) who was governor in 2011, was extradited to the United States in October 2019 after being arrested in February of that year in Puerto Vallarta , where he reportedly lived in a luxury urbanization.

He had been charged in 2017 for participating in a money laundering scheme that included crimes against a foreign nation, including bribery of a public official and misappropriation, theft, and embezzlement of public funds by or for the benefit of a public official. He was also charged with bank fraud and wire fraud.

Among the most wanted of the US anti-drug agency DEA, Torres López was interim governor of Coahuila from January to November 2011, but held public office since 1994, including as Secretary of Finance of the state of Coahuila.

Before the Corpus Christi, Texas prosecutor's office, Torres López agreed to turn over property in the United States associated with the irregular payments.

His sentence will be known on September 10, when he could be sentenced to up to 20 years in prison and a fine of $ 5,000,000, double the value involved in the crimes he is accused of.

According to the indictment, Torres López operated with Héctor Javier Villarreal Hernández , his secretary of Finance, who has also been prosecuted in the South and West Districts of Texas for crimes of money laundering and awaits his sentence.

[IT ALL STARTS AT THE TOP.  THE ENABLERS AND THE SELFISH]