A low-cost asset search; two ex-JP Morgan bankers accused of concealing trading losses; and Rafael Caro Quintero:
- “A Low-Cost Asset Search” reveals how computer-based research could lead to the discovery of a beneficial owner’s hidden assets.
- “Feds charge former JPMorgan Chase bankers in ‘London Whale’ case” reports on the indictments of Javier Martin-Artajo and Julien Grout. The two are accused of securities fraud involving the suspected concealment of trading losses.
- In June, U.S. Treasury’s Office of Foreign Assets Control (“OFAC”) made several Kingpin Act designations related to Caro Quintero. A June news release discussed the designations and referred to alleged money laundering. A link chart accompanied this news release:
Although Caro Quintero was earlier sentenced to 40 years of prison for the heinous 1985 murder of DEA agent Enrique “Kiki” Camarena, a Mexico appellate court released Caro Quintero early. “Mexico seeks to detain recently released drug lord Rafael Caro Quintero” meanwhile, mentions that the Mexican attorney general issued a warrant for the provisional detention of Caro Quintero. The attorney general did this in anticipation of a formal extradition request from the U.S. I asked Donnie the former DEA agent to comment on these events and he said:
“Kiki and I went to the same high school and I knew his sisters well. Kiki was one of the reasons I joined the DEA. This situation is outrageous and Kiki’s murder should not have happened. There will never be a closure. I hope they extradite Caro Quintero to the U.S. and the Mexican Government soon opens its eyes.”
Link Chart: OFAC
Copyright 2013 Fred L. Abrams