A Colombian man was sentenced to 34 months in prison for his participation in a money laundering conspiracy.
BOSTON – Yimmy Rafael Sanchez-Jimenez, 46, was sentenced by U.S. District Court Judge Richard G. Stearns to 34 months in prison.
Sanchez-Jimenez will be subject to deportation proceedings upon completion of the imposed sentence.
In January 2024, Sanchez-Jimenez pleaded guilty to money laundering conspiracy and conducting substantive money laundering transactions.
Beginning in 2016 and continuing until 2022, an investigation into a money laundering organization based primarily in Barranquilla, Colombia was conducted.
An undercover agent infiltrated the organization by portraying himself as an international money launderer able to pick up bulk cash throughout the world, launder the proceeds through his United States-based accounts and send the money to Colombia through the Black Market Peso Exchange – a common method of trade-based money laundering used to repatriate the proceeds of drug trafficking to Colombia.
Sanchez-Jimenez was a money broker based in Colombia who facilitated drug money pickups throughout the world, including in Los Angeles, California and in Canada.
Sanchez-Jimenez also facilitated the transfer of those drug proceeds back to accounts in Colombia by using fake documentation to justify the transfers, in order to repatriate the proceeds of drug trafficking in Colombia.
Over the course of the conspiracy, Sanchez-Jimenez was responsible for the laundering of over $550,000 in drug proceeds.
Sanchez-Jimenez was charged in a 50-count indictment along with 19 other individuals in March 2022.
Sanchez-Jimenez is the fifth defendant to be sentenced in the case.
Three defendants have pleaded guilty and are awaiting sentencing.
The remaining defendants have pleaded not guilty and are awaiting trial.
Key Facts
- State: Massachusetts
- Category: [‘Drug Trafficking’, ‘Fraud & Financial Crimes’]
- Source: DOJ Press Release â†â€â€
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