The U.S. Department of Justice arrested an heir to the jewelry brand Cartier, accusing him of drug trafficking and using USDT to launder money

The U.S. Department of Justice has charged and arrested an heir to the jewelry brand Cartier for allegedly using USDT to launder funds derived from drug trafficking. In Miami, law enforcement arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, the founder of the luxury watch, necklace and bracelet maker. Maximilien de Hoop Cartier was allegedly in collusion with a Colombian drug cartel. In addition to five Colombian nationals, Cartier attempted to import 100 kilograms of cocaine and launder hundreds of millions of dollars, mainly through over-the-counter (OTC) USDT transactions. They had actually successfully laundered $14.5 million in USDT before their arrest. Currently, Cartier is being held in a Miami detention center, while his co-conspirators are being held in a Colombian prison. To carry out his scheme, Cartier controlled shell companies and lied to financial institutions that they were in the software and technology business. According to the indictment, he then used the accounts of these companies as intermediaries for unauthorized money transfers. Cartier laundered hundreds of millions of dollars worth of criminal proceeds using USDT, dollars, pesos, and other currencies. (Protos)