El Paso Lawyer Accused of Fraud, Money Laundering 2/28/13
EL PASO, Texas - A federal grand Jury has indicted a West Texas lawyer,
accusing him of laundering money fraudulently obtained while representing a firm
doing business with a Mexican utilities company.
Marco Antonio Delgado is charged with 15 money laundering and two wire fraud
counts. The indictment returned in El Paso alleges Delgado instructed a bank in
Mexico to move $32 million dollars from his client's Mexican account to an
account he controlled in the Turks and Caicos islands. The indictment says the
El Paso lawyer then diverted part of that money to Texas, New Mexico and
Delgado faces 20 years in prison if convicted. A Justice Department
statement Wednesday didn't mention previous allegations of laundering up to $600
million for drug cartels, and calls to his attorney drew no response Wednesday.