Two tons of coke money covered up, prosecutors say
GENEVA, SWITZERLAND – An independent Geneva financial advisor in his 50s was in federal criminal court in Bellinzona Monday to face charges of money laundering and working with drug traffickers in Spain to import two tons of cocaine between 1997 and 2004.
The drugs were shipped by sea to from Colombia to Galicia in Spain by one of that country’s largest organized crime groups, according to accusations filed with the court. The Geneva man is accused of helping hide the money linked to the drug sales, in part through offshore accounts and fictional loans. He is said to have worked closely with an arms dealer whose ships were used to carry the drugs.
The court’s verdict will be announced 25 October.