News Release
For Immediate Release:
April 12, 2010
Donald Caetano
Public Affairs Officer
212 337-1266

More Than $40 Million Worth of Gold, Silver and Jewels Forfeited in International Money Laundering Case

Ten Tons of Assets Forfeited in Black Market Peso Exchange Investigation

APR 12 --WASHINGTON – More than $40 million worth of gold, silver and jewels have arrived in Austin, Texas after it was forfeited in an international money laundering investigation, announced Special Agent- in-Charge John P. Gilbride of the Drug Enforcement Administration’s (DEA) New York Field Division (NYFD), Assistant Attorney General Lanny A. Breuer of the Department of Justice’s Criminal Division, and Eugene C. Corcoran, United States Marshal for the Eastern District of New York. The jewelry was originally seized as result of a money laundering investigation that identified two companies in the Colon Free Zone in Colon, Panama, that were responsible for laundering narcotics proceeds from the United States.

“This unique seizure represents a model of international cooperation, persistence and diligence,â€