Disgraced Attorney Known as "King Midas" Gets 15 years for Laundering Millions from the Sinaloa Cart
Disgraced Attorney Known as "King Midas" Gets 15 years for Laundering Millions from the Sinaloa Cartel
By Socalj 10/09/2022 11:59:00 AM
uan Manuel Álvarez Inzunza, 40, received the punishment on Friday, after being arrested in 2016 in Mexico, where he was detained until his extradition to the U.S. last year. The disgraced lawyer admitted he laundered money for the Sinaloa Cartel from at least December 2013 to August 2015, and told a federal judge in San Diego, California, that he was “deeply remorseful,” and thanked the US government for capturing him, the San Diego Union-Tribune reported.
Roughly a decade ago, a cartel figure entered Álvarez Inzunza’s private civil law practice in Mexico. “The wrong client came in, and he listened to them,” his attorney said Friday during a sentencing hearing. That launched Álvarez Inzunza’s own criminal career as a high-ranking money launderer who cleaned millions of dollars in drug proceeds for the violent organization.
In a news release, prosecutors said Álvarez Inzunza “regularly received requests” to arrange the collection of drug proceeds in the U.S. that originated “from the top leadership of the cartel — including Ismael ‘El Mayo’ Zambada and Joaquin ‘El Chapo’ Guzmán.”
According to his attorney, Álvarez Inzunza — nicknamed “El Rey Midas” after the mythical Greek king who could turn everything he touched into gold — engaged in criminal activity “while trying to provide for his family,” but ended up doing the opposite and “destroying his family.”
More:
http://www.borderlandbeat.com/2022/10/disgraced-attorney-known-as-king-midas.html
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