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The United States Department of Justice (DOJ) has announced charges against four individuals for laundering millions of dollars through a pig butchering scheme. The individuals – Carlos Jose Godinez-Abrego, Juan Carlos Alvarez-Camacho, Herbert Jose Jamir-Galvez, and Eliseo Espinosa-Espinoza – are charged with software and computer-related fraud, trafficking in stolen access devices, conspiracy to commit money laundering, and engaging in monetary transactions in criminal proceeds.
According to the DOJ, the four individuals engaged in a scheme to defraud restaurants and meat packers in the U.S. by procuring, butchering and selling over two thousand pigs that had been stolen from Colombia and Mexico. The individuals then laundered the proceeds through bank accounts in Mexico, the United States, and elsewhere.
The DOJ also alleges that the individuals moved tens of millions of dollars from their illegal activities out of the country for their own personal benefit. The individuals are currently in custody, and if convicted, could face up to twenty years in prison.
This case is an example of how the U.S. government is cracking down on money laundering activities. Money laundering is the process of obscuring the source of illicitly gained money by making it appear to come from legitimate sources. Those engaging in money laundering can face significant fines and up to twenty years in prison, depending on the amount laundered. By diligently pursuing these types of criminal activities, the government hopes to deter those tempted to illegally move criminal proceeds out of the country.