Colombia-based broker sentenced to 160 months for laundering $14.5M in USDT
- —The scheme ran from May to November 2023 and involved five accomplices
- —Court ordered forfeiture of $14.75 million plus crypto on four addresses
- —The conspiracy involved importing about 9 kilograms of cocaine into the US
- —Colombia approved his extradition in early 2025 following a US request
Why it matters: The DOJ named USDT specifically as the laundering channel, a signal that stablecoin flows will face sharper compliance scrutiny.
Source: Crypto Briefing