Leonardo de Jesus Zuluaga Duque, a Colombia-based crypto broker, was sentenced to 160 months in prison, or more than 13 years, by a federal judge in New York. Prosecutors said he helped launder approximately $14.5 million in Tether derived from drug trafficking between May and November 2023. The funds were converted into Tether, transferred to an unlicensed money-transmission business, exchanged for US dollars and then sent through shell companies before being converted into Colombian pesos and distributed. The court also imposed five years of supervised release and ordered the forfeiture of $14,751,846.
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