TechFlow news, according to Protos, the U.S. Department of Justice (DoJ) has charged and arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, founder of the luxury watch, necklace, and bracelet maker Cartier, allegedly involved in illegal transactions with Colombian drug cartels.
In addition to five Colombian nationals, Cartier attempted to import 100 kilograms of cocaine and launder hundreds of millions of dollars, primarily using USDT through over-the-counter (OTC) transactions. They had reportedly already successfully laundered up to $14.5 million before their arrest. Currently, Cartier is detained at a Miami detention center, while his accomplices are held in Colombian prisons.
To carry out his scheme, Cartier controlled shell companies and falsely told financial institutions these firms were engaged in software and technology businesses. According to the indictment, he then used these company accounts as unlicensed intermediaries for money transfers. Cartier laundered hundreds of millions of dollars using USDT, U.S. dollars, pesos, and other currencies.
