Philanthropist on Trial in Money Laundering Case 10/22/13
EL PASO, Texas (AP) - A prosecutor is alleging that an ex-Carnegie Mellon
University trustee on trial in Texas conspired to launder half a billion dollars
for a Mexican drug cartel.
Marco Antonio Delgado's trial on money laundering charges began Monday in El
Prosecutor Debra Kanof said Delgado thought he would collect 5 percent of
whatever he could launder. Kanof says Delgado discussed a deal with an ex-wife
of former Mexican president Vicente Fox.
Delgado's attorney, Ray Velarde, says the meetings with the ex-wife were
about his expertise in energy and international law, not drug money.
Delgado is a lawyer and former Carnegie Mellon trustee who gave a $250,000
endowment for a scholarship named after him to assist Hispanic students.