Cartier Heir Caught in Money Laundering Scandal Using Crypto Coin USDT (Tether)

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The United States Justice Department (DoJ) has arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier and heir to the Cartier jewelry empire, on charges of money laundering.
Cartier allegedly conspired with a Colombian drug cartel to launder proceeds from drug trafficking using Tether (USDT), the largest stablecoin by market capitalization.
U.S. Attorney Damian Williams has reiterated the DoJ’s commitment to cracking down on money laundering schemes.

Maximilien de Hoop Cartier, a direct descendant of Louis Cartier and heir to the Cartier jewelry empire, has been arrested by the U.S. Justice Department on charges of money laundering involving Tether (USDT), the largest stablecoin by market capitalization.

Cartier’s Alleged Involvement in Money Laundering

Cartier was arrested in Miami, where he allegedly coordinated with a Colombian drug cartel to import 100 kilos of cocaine and laundered hundreds of millions of dollars, primarily through over-the-counter (OTC) USDT trades. The group successfully laundered 14.5 million USDT before their arrests. Currently, Cartier is held in a Miami detention center, while his co-conspirators are detained in Colombian jails.

The Role of Shell Companies and Cryptocurrency

According to the indictment, Cartier controlled shell companies and misrepresented to financial institutions that they were engaged in software and technology businesses. He then utilized the companies’ accounts as unlicensed money transmitters. Using USDT, dollars, pesos, and other cu... Read the full article for FREE at COINOTAG!