Migrants Used to Launder USD 25 million to Ecuador

Posted on June 14, 2011 • Filed under: Crime, Economy, Intelligence, Organized Crime, Police/Military Activity
  • According to ElUniverso.com, an operation in Madrid, Spain, Espejo, under-covered a network that laundered USD 25 million between 2007 and 2011. It began September 2010.
  • The network used the façade of remittances.
  • August 2010, Madrid police arrested an Ecuadorian migrant, Jenny Alexandra Fasce Schumacker with 40 others for crimes of money laundering, terrorism, and drug trafficking.
  • Fasce sent small amounts of money, USD 10 to 30 using a bank, Telegrios. She would make transactions at night with a pin number she possessed.
  • Ecuadorians recruited in the scheme lived in the provinces of Carchi, Manabi, Napo, El Oro, Imbabura and Pichincha.
  • The money-laundering unit in Ecuador worked with a unit in Madrid to follow the map of transactions that occurred.
  • The money was invested in Ecuadorian businesses like real estate, law firms, exports of fruit and coffee, and transportation.
  • Many of her family members in Ecuador were involved as well.Read Article
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