US seeks $2.5 Million in Lawyer's Laundering Case

By  | 

Prosecutors want a former Carnegie Mellon University trustee accused of money laundering to forfeit $2.5 million in cash.

An indictment filed Wednesday in Texas alleges that El Paso lawyer and philanthropist Marco Delgado defrauded a firm doing business with a Mexican utility of millions and used that money on a lavish lifestyle.

Delgado faces another indictment accusing him of conspiring to launder more than $600 million for a Mexican drug cartel.

The new indictment says Delgado misrepresented himself to move $32 million from his client to an account he controlled in the Caribbean.

Delgado maintains his innocence.

In 2003, Delgado donated $250,000 to create a scholarship at Carnegie Mellon named after him. It's not clear from the indictment if that money came from the alleged scheme.

Comments are posted from viewers like you and do not always reflect the views of this station. powered by Disqus