- The Washington Times - Wednesday, March 18, 2009

NEW YORK (AP) - A man charged in Colombia with orchestrating a giant pyramid scheme that bilked people out of hundreds of millions of dollars now faces money laundering charges in the United States.

Federal prosecutors in New York brought money laundering charges Wednesday against DMG Group founder David Guzman and six others affiliated with the company.

They say he was laundering drug trafficking profits but don’t detail their alleged origin.

Guzman and at least three of those indicted with him in New York were charged in Colombia with money laundering and other offenses. Two pleaded guilty there to money laundering and each received sentences of 53 months in prison.

It was not immediately clear if or when any would face extradition to the U.S.



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