Cartier Heir Faces DOJ Charges for Alleged Money Laundering Involving USDT (Tether) Crypto Transfers
12d ago•
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- Four individuals, including a purported descendant of the Cartier family, are being charged by prosecutors for allegedly laundering hundreds of millions of dollars.
- The indictment alleges that the money laundered was in the form of the stablecoin Tether (USDT), and was derived from drug trafficking proceeds.
- Maximilien de Hoop Cartier, one of the accused, allegedly operated an over-the-counter (OTC) crypto exchange and controlled US-based shell companies involved in the laundering scheme.
Prosecutors charge four individuals, including a Cartier family descendant, for allegedly laundering millions in Tether (USDT) derived from drug trafficking proceeds.
Alleged Money Laundering Scheme Unveiled
The U.S. Attorney’s Office for the Southern District of New York has unsealed an indictment charging three Colombian nationals and a purported direct descendant of the Cartier watch and jewelry-making family. The four individuals, Maximilien de Hoop Cartier, Leonardo De Jesus Zuluaga Duque, Erica Milena Lopez Ortiz, and Felipe Estrada Echeverry, are accused of conspiring to commit money laundering.