Local May 13, 2015 - 2:45 pm

Justice Ministry eyes links between Colombian cartel, Ponzi scheme

Santo Domingo.- The Justice Ministry’s Anti-money Laundering Unit on Wednesday reviewed computer files looking for evidence that a Colombian cartel used a local evangelical church to launder money is the same on that swindled hundreds of Dominican out of millions of dollars in the Telexfree scandal last year.

Unit director Germán Miranda said they don’t rule out that the "pastor" Jorge Mercedes Cedeño, arrested in Colombia along with others, is the same being sought in connection with the Telexfree case since last year.

He said given that possibility of a money laundering connection, the investigation aims to determine if the Ponzi scheme of Telexfree bilked millions of dollars, to then declare bankruptcy in a court in Florida.

Colombian authorities said Tuesday that it had “dealt a severe blow’ to the drug trafficking ring Clan Úsuaga (Los Urabeños), headed Dairo Antonio Úsuga (Otoniel), the country’s most wanted fugitive, which allegedly used a Dominican Protestant church and others in Colombia to launder money.

COVID-19

April 30, 2024 - 10:04 am

SeNaSa hires more than 1,500 doctors

April 26, 2024 - 9:23 am

Pro Consumidor clears rice brands of harmful metals

April 22, 2024 - 1:21 pm

Ney Arias Lora Hospital and CMD appeal ruling

April 15, 2024 - 8:40 am

Cyber attack exposes Covid-19 vaccination records in Dominican Republic

MOST READ

World

Seven countries to contribute mission agents to Haiti

Tourism

Cuba shows interest in exploring opportunities in Dominican tourism

Local

Scientific study reveals oil generation potential in Dominican Republic’s basins

Tourism

Hyatt to add 1,000 rooms in Dominican Republic with two new hotels

MORE NEWS

North Coast

Puerto Plata strengthens its boom in cruise ships: 43 vessels will arrive in May

Tourism

U.S. Consul: “The Dominican Republic is a very safe tourist destination”

Bavaro & Punta Cana

Punta Cana Airport, at the forefront: it will renovate its Terminal A

Economy

Beverage industry provides nearly 60,000 jobs