HOW A NETWORK OF OCTOGENARIANS WOUND UP HELPING A SPANISH DRUG GANG LAUNDER ITS CASH

On 4 November, an article from El Pais said that an attorney in Madrid used a group of seniors living in poverty to conceal the income from traffickers who had imported 4 tonnes of cocaine into Spain.  It starts with the story of one 84-year-old who, on paper, holds 44 bank accounts and is on the paperwork for a total of 25 companies.  He is allegedly one of the 6 frontmen used by an attorney from Madrid who has been under investigation since 2019.  The lawyer is alleged to have made use of 6 octogenarians living in poverty to legitimise the network’s flow of income, and were on the books of 387 companies, which in turn owned 414 properties in Madrid. The fictitious scheme also involved a web of nearly 300 bank accounts.

https://english.elpais.com/spain/2021-11-04/how-a-network-of-octogenarians-wound-up-helping-a-spanish-drug-gang-launder-its-cash.html

 

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: