US Attorney Announces Extradition of Colombian Marketing Giant DMG Group – Money Laundering

US Attorney News
PREET BHARARA, the United States Attorney for the
Southern District of New York, announced the extradition from
Colombia of WILLIAM SUÁREZ-SUÁREZ, on charges relating to his
role in a conspiracy to launder millions of dollars worth of
narcotics proceeds through Colombian marketing giant D.M.G. Group
(“DMG”). SUÁREZ-SUÁREZ is expected to arrive later today in
Miami, Florida, where he will be presented in United States
District Court for the Southern District of Florida.
SUÁREZ-SUÁREZ will be transferred to the Southern District of New
York for prosecution at a later date.
According to the Superseding Indictment previously
unsealed in Manhattan federal court:
In 2003, DAVID EDUARDO HELMUT MURCIA GUZMÁN, created
DMG as a vehicle for a multi-level marketing scheme, through
which customers could buy pre-paid debit cards. DMG sold these
prepaid credit cards to customers in Latin America, who could use
them to purchase electronics and other items at retail stores
operated by DMG.
WILLIAM SUÁREZ-SUÁREZ headed DMG’s Colombian
operations, including the attempted bribery of Colombian
officials. In addition, SUÁREZ-SUÁREZ assisted MURCIA GUZMÁN and
others in establishing hundreds of subsidiary and affiliated
companies linked to DMG in countries including Colombia, Panama,
and the United States.
SUÁREZ-SUÁREZ, and other DMG-affiliated defendants,
including MURCIA GUZMÁN, SANTIAGO BARANCHUK-RUEDA, DANIEL ANGEL
RUEDA, and LUIS FERNANDO CEDIEL ROZO, coordinated the pick-up and
transportation of millions of dollars in narcotics proceeds in
Mexico. The defendants concealed narcotics proceeds by investing
them in legitimate real estate and limited liability companies in
the United States. SUÁREZ-SUÁREZ and his co-defendants also
laundered the narcotics proceeds through DMG and DMG’s affiliated
companies, using the Colombian Black Market Peso Exchange, an
informal value transfer system commonly used to launder
illicitly-obtained dollars in the United States, in exchange for
pesos taken in for “legitimate” purchases in Colombia.
SUÁREZ-SUÁREZ, 41, MURCIA GUZMÁN, 28, BARANCHUK-RUEDA,
34, ANGEL RUEDA, 36, CEDIEL ROZO, 34, MARGARITA LEONOR PABON
CASTRO, 35, and GERMAN ENRIQUE SERRANO-REYES, 45, are all charged
with one count of conspiracy to commit money laundering. If
convicted, each defendant faces a maximum sentence of 20 years in
prison. The case is assigned to United States District Judge
WILLIAM H. PAULEY III.

Mr. BHARARA praised the outstanding investigative work
of the United States Drug Enforcement Administrations’s (“DEA”)
New York Drug Enforcement Task Force — which is comprised of
agents and officers of the DEA, the New York City Police
Department, and the New York State Police — and the DEA’s Bogota
Country Office. Mr. BHARARA thanked the United States Marshals
Service and the Department of Homeland Security’s Immigration and
Customs Enforcement for their assistance. Mr. BHARARA also
thanked the Colombian government and the U.S. Department of
Justice’s Office of International Affairs for its ongoing
assistance.

Assistant United States Attorneys BENJAMIN A. NAFTALIS,
TELEMACHUS P. KASULIS, and AMY LESTER are in charge of the
prosecution.
The charge and allegations contained in the Indictment
are merely accusations and the defendants are presumed innocent
unless and until proven guilty.
10-012 ###

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