Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Thursday, October 24, 2013

Trustee Accused of Embezzling Half a Billion

JailMarco Antonio Delgado is an attorney who gave $250,000 in scholarship for Hispanic students to attend Carnegie Mellon University. Many are shocked that Delgado, ex- Carnegie Mellon trustee, is accused of conspiring to embezzle half a billion dollars for a drug cartel. His trial will be in El Paso, Texas.

 

Prosecutors believe that Delgado is connected to financial transactions tied to organized crime. An investigation was launched in 2007 after police had seized $1 million in Georgia. The man who was caught with the money, Victor Pimentel, implicated Delgado. 

 

Now, Pimentel is a key witness for the prosecution and has produced evidence of conversations between him and Delgado discussing the money laundering operation.

See Juan Carlos Llorca, Ex-Carnegie Mellon Trustee on Trial Allegedly Conspiring to Launder up to $600M for Cartel, Washington Post, Oct. 21, 2013. 

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention. 

http://lawprofessors.typepad.com/trusts_estates_prof/2013/10/see-juan-carlos-llorca-ex-carnegie-mellon-trustee-on-trial-allegedly-conspiring-to-launder-up-to-600m-for-cartel-washingto.html

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