The heir to the Cartier jewelry company was accused of laundering proceeds through USDT
US authorities have arrested the heir to the Cartier jewelry empire, charging him with conspiracy to launder drug proceeds using Tether (USDT).
Miami law enforcement has arrested Maximilien de Hoop Cartier, a direct descendant of Louis Cartier, founder of the luxury watch, necklace and bracelet company, on suspicion of collaborating with a Colombian drug cartel.
Along with five Colombian nationals, Cartier attempted to import 100 kilograms of cocaine and launder hundreds of millions of dollars, doing so primarily through over-the-counter (OTC) USDT transactions. During this time, the criminals managed to launder only $14.5 million.
Currently, Cartier is in a pre-trial detention center in Miami, and his accomplices are in Colombian prisons.
