US seeks $2.5 Million in Lawyer's Laundering Case

By: Associated Press Email
By: Associated Press Email

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.

KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 193831431 -
Gray Television, Inc.