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Colombian Soccer Team Helped Launder Money For Drug Cartel

November 20, 2014  |  Posted by: Giovanni DePhillips
Colombian Soccer Team Helped Launder Money For Drug Cartel

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The U.S. Treasury Department announced on Wednesday, they were blacklisting Colombian soccer club Envigado, alleging the club helped launder money for a drug trafficking group, under the anti crime kingpin act.

According to the Business Insider, The owner of Envigado Futbol Club allowed the Oficina de Envigado crime gang to use the clubs financial records to hide profits from drug trafficking, extortion and murder-for-hire, the Treasury’s Office of Foreign Assets Control (OFAC) said in a statement. The statement did not say when the alleged money-laundering occurred.

The Kingpin Act allows the United States to freeze the assets of companies and individuals who are alleged to be involved with money laundering and prohibits U.S. citizens from engaging in business transactions with them. The Oficina de Envigado was placed on the list in June.

The team, based near the central city of Medellin and plays in the of top tier league in Colombia, known for breeding rising world class players including Real Madrid superstar James Rodriguez, the star of the World Cup 2014. Rodriguez began his career at the club.

Along with the club, 10 Colombian nationals including the teams owner were also designated on Wednesday for connections to the crime gang.

“The diversity of those designated today – targeting a variety of companies and influential cartel members, including the majority owners of a professional soccer team – will strike at the financial core of this violent criminal network,” the director of OFAC, Adam J. Szubin, said.

The team has officially commented on the news, however spokesman Sebastian Medina told Reuters that the club will make an official statement soon regarding the matter.

This not the first Colombian soccer team that has been designated under the Kingpin Act. In 1999 America de Cali was placed on the list because of financial dealings with  to the Cali cartel, however, it has since been removed.

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