facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -

 

« News Home

Prosecutors seek forfeiture in Texas lawyer’s case



Published: Thu, February 28, 2013 @ 4:54 p.m.

Prosecutors seek forfeiture in Texas lawyer’s case

EL PASO, Texas (AP) — Federal prosecutors want a former Carnegie Mellon University trustee accused of money laundering to forfeit over $2.5 million in cash and assets.

An indictment filed Wednesday in Texas alleges that El Paso lawyer and philanthropist Marco Delgado defrauded a firm doing business with a Mexican utility of millions and used that money to underwrite a lavish lifestyle that included a $200,000 contribution to Carnegie Mellon University. Delgado faces a separate indictment accusing him of conspiring to launder more than $600 million for a Mexican drug cartel.

The new indictment says Delgado misrepresented himself to move $32 million from his client to an account he controlled in the Caribbean. Authorities have requested forfeiture of $2.5 million in cash, an El Paso house and a New Mexico apartment.

Delgado maintains his innocence.


Comments

Use the comment form below to begin a discussion about this content.


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes | Pittsburgh International Airport