Colombia Extradites Money Launderer from Drug Cartel to the U.S.

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Friday, May 6, 2016
Author: 
Bruce Zagaris
Volume: 
32
Issue: 
5
Abstract: 
On April 15, 2016, Jhon Jairo Hincapie-Ramirez, 55 years of age and a citizen of Colombia, was arraigned at the U.S. courthouse in Brooklyn, New York, for his alleged role in an international money laundering organization that brokered financial transactions designed to hid the source of illegal narcotics trafficking by using the Chinese and Hong Kong financial system and the shipment of counterfeit goods to launder over $5 billion for drug cartels based in Mexico and Colombia.  In August 2015, Colombian law enforcement authorities arrested Hincapie-Ramirez on a provisional arrest warrant issued by the U.S. Court in the Eastern District of New York.  On April 14, 2016, Colombia extradited him.