Heir to Cartier Apprehended for Laundering Money Using USDT

full version at coinedition

The DoJ has arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier.
Cartier was arrested in Miami, where he allegedly worked with a Colombian drug cartel.
The Cartier heir is accused of laundering hundreds of millions of dollars.

The United States Justice Department (DoJ) has made a significant arrest, charging Maximilien de Hoop Cartier, an heir to the Cartier jewelry empire, with conspiring to launder proceeds from drug trafficking using the largest stablecoin by market capitalization, Tether (USDT).

Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, the founder of the luxury jewelry brand, was arrested in Miami, where he allegedly coordinated with a Colombian drug cartel.

Alongside five Colombian nationals, Cartier attempted to import 100 kilos of cocaine and laundered hundreds of millions of dollars, mainly through over-the-counter (OTC) USDT trades. The group successfully laundered 14.5 million USDT before their arrests.

Currently held in a Miami detention center, Cartier’s co-conspirators are detained in Colombian jails. The scheme involved Cartier controlling shell companies and misrepresenting to financial inst…

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