NewsWhore
02-03-2011, 03:30 PM
Authorities in Madrid announced that a man identified only as "Jorge el Terrible" and his wife Minerva were arrested along with 28 accomplices and charged with laundering US$138,000,000. The couple used the legal identities of their accomplices to send money to Latin America, through a series of remittance booths located all over Spain. According to the authorities, each person is allowed to send EUR3,000 (US$4,140) each quarter, back to families in their homeland. Since most people cannot afford to send the full amount (the Police mentioned that the average remittance was in usually between EUR200 and EUR400) the money laundering gang took advantage of the "remainder" to send money that was obtained through illegal channels, believed to be drug trafficking, back to the Dominican Republic. According to Hoy newspaper, the whole ring was pretty much a family affair since "Jorge el Terrible" and Minerva used the identities of cousins, nephews, brothers and employees to cover the remittances. According to the Police, the gang had been operating for more than a year.
More... (http://www.dr1.com/index.html#7)
More... (http://www.dr1.com/index.html#7)