Spanish athletic director charged with laundering money from drug trafficking in Latin America

José Luis Pérez Caminero, the athletic director of Atlético de Madrid, was charged by a Spanish drug with the crime of money laundering. 19 other individuals were charged with the same crime. The laundered money was a product of drug trafficking in Latin America, specifically concerning Colombian and Mexican organizations. According to a Terra report, these drug trafficking groups laundered their money in a jewelry store in Madrid. From the jewelry store, the money was moved to other locations, including Latin America and other parts of Spain. Caminero was involved in 2008 and 2009, when he moved money to Valladolid and transformed it into a banking business. He was caught in 2009 carrying 58,500 euros in cash. The judge estimated that the organization has laundered around 60 million euros. The group is also known to help traffick drugs from Latin America to Spain. Read Article