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U.S. Department of Justice case exposed: stablecoins issued by Tether were used for smuggling and money laundering operations

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6 arrested for laundering 'millions of dollars' for drug cartels over 12 years

Rhythm BlockBeats news, on October 17, the U.S. Department of Justice released a document on drug smuggling and money laundering operations in Latin America, some of which involved stable currencies linked to the U.S. dollar.

The case shows that 6 people were arrested, 5 of them were born in China, lived in Latin America or America; one lives in Hong Kong. The document, filed on Sept. 24, shows the six individuals laundered "millions of dollars" for drug cartels over the past 12 years. They allegedly took the money others got from selling drugs in car parks and hotels, then moved the money between bank accounts, casinos and businesses.

An undercover agent of the U.S. Drug Enforcement Administration revealed that he could bribe U.S. officials to buy it for only $150,000 to a passport. Police involved in corruption cases will receive bribes in the form of stablecoins issued by Tether.