- The Ministry of Justice arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier.
- Cartier was arrested in Miami, the place he was allegedly working with a Colombian drug cartel.
- The Cartier inheritor is accused of laundering tons of of tens of millions of {dollars}.
America Division of Justice (DoJ) has made a high-profile arrest and charged Maximilien de Hoop Cartier, inheritor to the Cartier jewellery empire, with conspiring to launder drug-trafficking proceeds utilizing the biggest stablecoin by market capitalization, Tether (USDT).
Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, the founding father of the luxurious jewellery model, was arrested in Miami, the place he allegedly coordinated with a Colombian drug cartel.
Together with 5 Colombian nationals, Cartier tried to import 100 kilograms of cocaine and laundered tons of of tens of millions of {dollars}, primarily by over-the-counter (OTC) USDT trades. The group efficiently laundered 14.5 million USDT earlier than being arrested.
Cartier's co-conspirators are presently being held on the Miami Detention Middle in Colombian prisons. The scheme concerned Cartier controlling shell corporations and falsely representing to monetary establishments that they had been within the software program and expertise enterprise. Based on the indictment, he then used the accounts of the businesses as unlicensed cash transmitters.
Utilizing USDT, {dollars}, pesos and different currencies, Cartier allegedly laundered tons of of tens of millions of felony {dollars}. U.S. Lawyer Damian Williams emphasised the Justice Division's willpower to crack down on cash laundering schemes, including:
“Maximilien de Hoop Cartier, Leonardo de Jesus Zuluage Duque, Erica Milena Lopez Ortiz and Felipe Estrada Echeverry are reported to have been members of a community that laundered tens of millions of {dollars} in drug trafficking proceeds utilizing cryptocurrencies and the US monetary system.”
Though he spent most of his life in France, Cartier has Argentine citizenship. He faces 4 counts of felony offences, together with cash laundering, conspiracy to commit cash laundering, dealing within the proceeds of a specified criminal activity and working an unlicensed cash transmitter.
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