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Last of the “Cocaine Cowboys” arrested after 26-years on the run

April 13, 2017  |  Posted by: Francesca Falzarano
Last of the “Cocaine Cowboys” arrested after 26-years on the run

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The last of the original “Cocaine Cowboys” drug dealer was taken into custody while on a bike ride with his wife after spending decades on the lam after he was unmasked as one of the wealthiest drug dealers in U.S. history.

Gustavo Falcon was taken into custody by U.S. Marshals in Florida, despite a string of rumors about his location, including he had retreated to Cuba, NBC MIami reported.

Along with his brother Augusto “Willy” Falcon and associate Salvador “Sal” Malgluta, Gustavo started the original Cocaine Cowboys back in the 1980s – which was a group of infamous playboy drug dealers who were widely known for racing speed boats, owning mansions, and traveling in private jets.

After they dropped out of high school to sell drugs, they collectively smuggled roughly $2 billion of cocaine into the U.S. and were one of the top five drug dealing operations in American history.

Authorities arrested Gustavo Falcon (pictured left in arrest photo and right in 1990), 56, in Florida after being on the lam for 26 years

Magluta and Willy were eventually caught and are behind bars in federal prison, but Gustavo fled.

He was apprehended by a team of U.S. Marshals from Miami that traveled to Central Florida.

“He is the last of the ‘Cocaine Cowboys,'” Barry Golden, a spokesperson for the U.S. Marshals Office in Miami, said.

Federal officials said Gustavo possessed false driver’s licenses stemming from 1997 that used fake addresses in Miami.

He also had fake IDs for his wife, Amelia, and kids, who are now in their 30s.

Falcon was indicted for trafficking cocaine from Colombia to South Florida along with his drug kingpin brother, Willy Falcon (right), and co-defendant Sal Magluta (left).

Golden said the Gustavo and Amelia used the names Luis Reiss and Maria Reiss.

Gustavo didn’t resist arrest and even admitted his real identity.

He is scheduled to make his first federal court appearance on Thursday.

Authorities had accused the three “Cocaine Cowboys” of smuggling 75 tons of cocaine, worth over $2 billion, into the U.S. between 1978 and 1991 using their boats to transport the drugs from Colombian drug cartels.

Authorities charged the three high school dropouts, of smuggling 75 tons of cocaine, worth more than $2billion, into the United States between 1978 and 1991. Pictured above left is Magluta and Willy; pictured above right is Falcon

Authorities said they laundered their proceeds through offshore bank accounts at the time and fake corporations created in the Bahamas, the Netherlands Antilles, and Panama.

Gustavo was last seen in Florida in 1991 just before he was indicted.

Willy and Magluta were acquitted of charges in 1996 after it was found they bought off witnesses and at least one member of the jury.

Additionally, the trial was also complicated when several witnesses were murdered by Colombian gunmen.

Despite facing significant prison time if they were found guilty on the hefty charges they faced, Willy and Magluta were still living a lavish lifestyle and continued to smuggle drugs while on the run.

Pictured: One of the speedboats used to haul billions of dollars of cocaine to Miami from Colombian drug cartels.

However, in 2003, Willy took a plea deal with prosecutors in Miami on charges of money-laundering.

He was sentenced to 20 years behind bars and is due for release in June.

The judge put him on three years’ probation when he is freed, and he is ordered to do 200 hours of community service.

However, because he is a Cuban citizen, he may be deported or held by immigration officials once he completes his sentence.

Magluta was retried and found guilty in 2002 of conspiring to obstruct justice.

He was acquitted of plotting the murders of three cooperating witnesses, including an attorney gunned down in his office, and the attempted murder of a fourth.

Magluta was sentenced to 205 years. but that was reduced to 195 years in 2006.

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