Kenneth Rijock

Kenneth Rijock

Sunday, March 3, 2013

EL PASO ATTORNEY CHARGED AS CARTEL MONEY LAUNDERER NOW INDICTED IN NEW CASE


Prominent El Paso attorney, Marco Antonio Delgado, already in custody and facing Federal charges* alleging that he assisted a major Mexican drug cartel, has been indicted again,** for money laundering, in an different case. Delgado, who alias is Marco Delgado Licon,  Represented the owner of a Nevada limited liability company, named FGG Enterprises LLC.

The Nevada LLC, through Delgado, submitted the successful bid to perform services at a Mexican state utility (CFE) power plant located in Sonora, Mexico. The amount to be paid was $121m, which was to be deposited in the corporation's account in El Paso.

Delgado directed the Comision Federal de Electricidad to wire the payments to a bank account in the Cayman Islands controlled by him. He sent those instructions without the knowledge and consent of his client.

=Thereafter, funds were sent to Delgado's offshore account;

(A) $20m was wired on 8 March, 2010.
(B) $12m was wired on 6 July, 2010.

Delgado later moved some of the money onshore, into accounts that he controlled in El Paso, Pittsburgh, and Taos: $200,000; $150,000; $100,000; $70,000; $150,000; $152,000; $75,000; $50,000;$50,000; $150,000.

The fifteen-count indictment, for money laundering, wire fraud, and engaging in monetary transactions in excess of $10,000, also demands forfeiture of real and personal property of the defendant, and $2.5m on deposit in an offshore bank.

It has been reported that Delgado was a Confidential Informant for US law enforcement at the time he committed these crimes.
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* See the earlier articles on this blog detailing the first case. Use the search box, in the upper-left hand corner of this page to access that information.
**Case No.:  EP13-370 (WD TX).




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