A Panamanian national, Nidal Ahmed Waked Hatum, 46, was arrested yesterday in Bogota, Colombia on a federal indictment charging him with participating in a conspiracy to launder money and bank fraud.
According to the indictment, Waked conspired with others to engage in monetary transactions through financial institutions affecting foreign commerce, involving funds derived from illegal drug trafficking activities and fraud on a foreign bank.
The indictment further charges that Waked conspired to conduct financial transactions involving the proceeds of unlawful activity, with the intent to disguise the nature, source, ownership, and control of those funds.
Additionally, the indictment charges that Waked conspired to transfer funds into and out of the United States knowing that the funds represented proceeds of drug trafficking and knowing that the transfer was designed in part to conceal and disguise the nature of those proceeds.
The indictment also charges that Waked devised a scheme to defraud a bank through false representations designed to obtain a lower rate of interest on an open line of credit extended to him by a bank located in Miami, Florida.
This case is the result of the ongoing efforts by the Organized Crime Drug Enforcement Task Force (OCDETF), a partnership that brings together the combined expertise and unique abilities of federal, state and local law enforcement agencies.
U.S. Attorney Wifredo A. Ferrer commended the investigative efforts of the DEA Homestead Resident Office and FBI and recognized the assistance provided by the Justice Department’s Office of International Affairs.
Related Federal Cases
- Cole & Simpson Indicted for Mail Fraud, Extortion, Money Laundering · Georgia
- Drug Kingpin Alvaro López Tardón Sentenced to 150 Years for Narcotics & Money Laundering · Florida
- Bondi Battles Money Movers in Texas Court · Texas
- Miami Man Sentenced for Laundering $400K from Narcotics Transactions · Florida
- Big Money Team Leader Convicted in Miami Drug Ring · Florida
Key Facts
- State: Florida
- Category: Drug Trafficking|Fraud & Financial Crimes|Violent Crime
- Source: DOJ Press Release â†â€â€
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