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Posted on 04/30/2026 3:11:24 AM PDT by Libloather
Talk about some dirty diamonds.
A descendant of the Cartier jewelry dynasty was sentenced to eight years in federal prison after confessing to running an unlicensed cryptocurrency exchange that laundered more than $470 million in drug trafficking proceeds.
Maximilien de Hoop Cartier, a resident of France who moonlights as a singer under the name “Max Cartier,” was sentenced in Manhattan federal court Tuesday after pleading guilty in October to operating an unlicensed money-transmitting business and conspiracy to commit bank fraud.
Cartier, 58, funneled the money through a web of US shell companies disguised as fake software and tech firms — with names like Bullpix Solutions, Softmill LLC and VC Innovated — before routing it to Colombia, prosecutors said.
The companies existed solely to receive and transmit international drug money, converting narcos’ cryptocurrency into hard currency.
To fool banks, Cartier used forged contracts and invoices making it appear the firms were doing legitimate tech work. He deliberately broke transactions into chunks to avoid bank scrutiny.
The scheme, dubbed the “Cartier Cell” by feds, dates back to at least 2018.
The jewelry heir told an undercover FBI agent he considered a New York City hotel his second home, where he handled his crypto clients, lawyers and banks.
(Excerpt) Read more at nypost.com ...
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I suspect the Feds are now using AI to cut through the web of fake companies used to launder money.
This is great. It should make following the money a lot easier. Crooks who usually find new workarounds will have to work OT.
“Learing Centers” and hospices are where it’s at.
I wonder if Trump will pardon him? He has been giving out pardons to big time fraudsters. Look it up. Don’t attack me over it.
Blockchain leaves a visible audit trail. I am confused why people would use crypto in any scheme. Its why the technology will NEVER be used to track voting in American elections because the dhimmocrap cheating would be exposed.
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