Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Mexican drug cartel leader pleads guilty to U.S. charge

Published 10/19/2016, 05:04 PM
Updated 10/19/2016, 05:10 PM
Mexican drug cartel leader pleads guilty to U.S. charge

By Nate Raymond

NEW YORK (Reuters) - The suspected head of a Mexican drug cartel that U.S. authorities said was responsible for distributing tons of cocaine into the Unit-ed States and Europe before being arrested in 2014 pleaded guilty on Wednesday.

Tirso Martinez-Sanchez, 49, pleaded guilty in federal court in Brooklyn to distributing cocaine with the intention that it would be imported into the United States, according to his lawyer.

The charge carries a mandatory minimum sentence of 10 years in prison and a maximum of life, though under an extradition agreement with Mexico, the U.S. government has agreed to not seek a life term, said Peter Quijano, Martinez-Sanchez's lawyer.

Prosecutors said Martinez-Sanchez was the leader of an extensive international narcotics organization that was responsible for importing and distributing tens of thousands of kilograms (pounds) of cocaine.

Prosecutors said the organization obtained cocaine from Colombian sources and Martinez-Sanchez organized its importation into the United States using an network of trains, tractor trailers, and other vehicles.

The U.S. State Department, which had offered a $5 million reward for information that could lead to his capture, has said the group brought 76 tons of cocaine into the United States from 2000 to 2003 and also distributed cocaine into Europe.

Once the drugs were in the United States, Martinez-Sanchez directed members of his organization to transport it to large distribution centers in areas including Los Angeles, New York, and Chicago, prosecutors said.

He utilized a network of large warehouses to store and distribute the cocaine in the United States, which were bought or leased using a number of front companies, prosecutors said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Martinez-Sanchez invested proceeds from his narcotics activities in a number of ventures, including purchase of professional soccer teams and a chain of high-end clothing boutiques, prosecutors said.

He was arrested in Mexico in February 2014 and extradited to the United States in December 2015.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.