Tags: LT | Colombia | Pyramid | Scheme

Colombia Extradites Alleged Pyramid Scammer to U.S.

Tuesday, 05 Jan 2010 02:15 PM

A man convicted of bilking Colombians out of hundreds of millions of dollars in a pyramid scheme has been extradited to the United States.

David Murcia faces indictments on money laundering and conspiracy charges in a New York federal court.

Colombian officials handed him over to U.S. Drug Enforcement Agency agents on Tuesday and he was being flown to New York.

A Colombian court already has sentenced Murcia to more than 30 years in prison for money laundering through a company that drew investors with promises of fantastic interest rates. It collapsed in late 2008. The judge says Murcia took in $2 billion, and only returned some $100 million to investors.

Officials say they suspect he was laundering drug money.

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A man convicted of bilking Colombians out of hundreds of millions of dollars in a pyramid scheme has been extradited to the United States.David Murcia faces indictments on money laundering and conspiracy charges in a New York federal court.Colombian officials handed him...
LT,Colombia,Pyramid,Scheme
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2010-15-05
Tuesday, 05 Jan 2010 02:15 PM
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