Two Jamaican nationals will likely be in jail for a minimum of three years for serving to run a global cash laundering group that washed over $6 million in drug trafficking proceeds from Colombian cartels, partially by means of Massachusetts banks.
Federal Decide Richard G. Stearns has sentenced Dennis Raymond Rowe, 60, to 52 months in jail and St. Devon Anthony Cowl, 61, to 42 months for his or her involvement within the “sophisticated” community. Each are topic to deportation upon completion.
A federal grand jury had indicted Rowe and Cowl, together with 18 different people from Colombia, Jamaica and Florida, in Might 2022 in reference to the cash laundering conspiracy.
Stearns issued the sentences on Wednesday.
Regulation enforcement started trying into the group, primarily situated in Barranquilla, Colombia, in or about October 2016.
The investigation lasted 5 years, authorities stated in a launch on Thursday.
Investigators discovered that the group laundered over $6 million in drug proceeds by means of middleman banks in the US, together with these within the Bay State, and extra cash by means of banks within the Caribbean and Europe by means of the Colombian Black Market Peso Trade.
“By using the BMPE, the defendants and their co-conspirators sought to conceal drug trafficking activity and proceeds from law enforcement as well as evade currency exchange requirements in the United States and Colombia through the illegal currency exchange process,” the discharge states.
“As part of the conspiracy,” it provides, “members of the organization held roles and responsibilities relative to the needs and opportunities of the scheme, such as drug suppliers, peso brokers, money couriers and business owners/dollar purchasers.”
Investigators found $1 million seized from company financial institution accounts whereas tracing practically 3,000 kilograms of cocaine that had a road worth of over $90 million again to the group.
The cocaine haul included 1,193 kilograms seized at sea 60 miles south of Jamaica in July 2019 and 1,555 kilograms recovered in 9 scrap steel transport containers on the Port of Buenaventura, Colombia, in March 2019.
Rowe is alleged to have laundered over $600,000, and Cowl washed roughly $268,000, by delivering bulk money drug proceeds to undercover regulation enforcement.
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