The U.S. Department of Justice indicted and arrested Cartier jewelry heir, accusing him of using USDT for money laundering and drug trafficking

BlockBeats news, on May 6, according to foreign media Protos, the U.S. Department of Justice (DoJ) indicted and arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, the founder of Cartier luxury watch, necklace and bracelet manufacturer, who was allegedly engaged in illegal transactions with Colombian drug groups.

In addition to five Colombian nationals, Cartier also attempted to import 100 kilograms of cocaine and launder hundreds of millions of dollars, mainly using USDT through over-the-counter transactions (OTC). They had actually successfully laundered up to $14.5 million before their arrest. Currently, Cartier is being held in a Miami detention center, while his accomplices are being held in a Colombian prison.

To implement his plan, Cartier controlled shell companies and lied to financial institutions that these companies were engaged in software and technology businesses. According to the indictment, he then used the accounts of these companies as unauthorized currency transfer intermediaries. Cartier used USDT, US dollars, pesos and other currencies to launder money and made hundreds of millions of dollars.