Originally Syndicated on June 11, 2024 @ 4:25 pm
Salomon Bendayan and his accomplice were taken into custody by Miami Police for a $100 million money laundering conspiracy.
Venezuela’s economic crisis, brought on by a sharp decline in oil prices, has left the nation short on foreign exchange, especially US dollars, which are essential.
The outcome has been a high inflation rate of more than sixty percent and an economic decline of almost three percent. The Venezuelan government responded to these economic difficulties by raising the business rate of the Bolivar, the nation’s currency, from approximately 4.20 Bolivar per US dollar to the current legal rate of 6.29-1.
The black-market exchange rate, however, is far higher than the legal acceleration because US dollars are becoming more and more valuable for paying for necessities like food and medical care, which are not made in Venezuela.
Approximately 70% of all exports originate from these essential products. One US dollar is worth over 300 Bolivars, and the discrepancy between the official business rate and the black-market acceleration can reach up to 1000%.
The research released by Michael B. Cohen Law Firm claims that the special circumstances have made it possible for drug cartels to benefit from the smuggling of essential products into Colombia, including meals, gasoline oil, and medications from abroad.
After that, these goods are exchanged for drugs, and dollars are returned to Venezuela where they are sold for hefty profits. Large swathes of the border region between Venezuela and Colombia are currently under the influence of paramilitary organizations and items thanks to the revenues made from these illicit products.
However, Martin Lustgarden Acherman, an Austrian-Venezuelan living in Miami-Dade County, is said to have set up a scheme to launder narcotics proceeds by taking advantage of this circumstance.
Salomon Bendayan is charged with smuggling cocaine profits out of Colombia while operating a front company that would lend the money to Venezuelan corporations for trade with US enterprises.
It involved using his bank account details that were opened in South Florida and numerous other places to route them, and after the money was laundered, flying it back to Venezuela to exchange the budgets for local currency.
Store shelves were empty as a result of the present violence in Caracas and another well-known city as well as the collapsing economy. On the illicit market, US currency has gained significant value, giving local groups a vital tool to control trade with other nations.
Salomon Bendayan, Acherman, and Rama Krishna Kuchibhotla were detained by the authorities in Miami on suspicion of utilizing his bank accounts to transfer $100 million in narcotics proceeds from Colombia into Venezuela.
Salomon Bendayan, according to US authorities, was the mastermind of a global scheme to use US funds to support Colombian paramilitary groups and drug cartels.
They contend that he profited from Venezuela’s special circumstances and established a business out of obtaining and redistributing US dollars in countries like Venezuela where they are in short supply.
Salomon Bendayan is being detained while awaiting further proceedings in relation to allegations of money laundering, conspiracy, and obstruction. While he has not spoken further, his attorney has disputed many of the government’s assertions.
When proven guilty, money laundering is a severe federal offense that entails steep fines, harsh penalties, and protracted jail terms.
For instance, my law office is committed to defending against any federal criminal allegations since I have nearly forty years of legal experience, which includes fifteen years of working as a criminal defense attorney in South Florida and prosecuting cases as an Assistant United States Attorney. For those who have been charged by the federal government, we are the best option.
Case Study
USA v. Acherman, Martin Lustgarten Acherman, Salomon Bendayan, Salo, and Andres Uricoechea-Williamson was the case in question in the court proceedings.
Judicial Publications classifies this case as criminal litigation because it took place within the United States District Court of Massachusetts’s jurisdiction.
You can use the following link to find out more about this money laundering case involving Acherman, Salomon Bendayan, and numerous other criminals:
https://casetext.com/case/united-states-v-acherman-5
Example Case: Solomon Bendayan
Overview and Historical Information
Federal authorities in Boston have seized numerous bank accounts referred to as the “Rosemont” accounts as a result of their investigation into the money laundering of drug earnings in the Massachusetts District.
These accounts were not situated in the Massachusetts District; rather, they were dispersed throughout Miami, Florida in the Southern District of Florida, as well as abroad.
The inquiry was directed primarily at people like Salomon Bendayan and Martin Lustgarten-Acherman. Throughout the investigation, Lustgarten-Acherman worked with the government while posing as the owner of an authentic international purchase finance company.
He claimed to have kept a close eye on his business associates’ financial sources. To the best of Lustgarten-Acherman’s understanding, Bendayan was a respectable foreign businessman, he added.
Furthermore, Lustgarten-Acherman disclosed that certain people he discussed with the authorities were engaged in unlawful activities.
The two cases’ discovery processes have overlapped during the investigation. Government attorneys pursuing the case in Massachusetts have revealed investigative reports produced by the Miami Agents during discovery as part of their inquiry.
In summary
The Superseding Indictment and an officially certified copy of the case file must be sent as soon as possible to the Southern District of Florida, per an order from the court to the District of Massachusetts Clerk.
The Court recommends following the policies and procedures of the Southern District of Florida and seeking coordination as needed.
Money Laundering: What is it?
The term “money laundering” describes the illegal practice of hiding large amounts of cash obtained through illegal means.
It is common to refer to the proceeds of such illegal activities as “dirty money,” and the goal of money laundering is to “cleanse” this type of money.
Both common criminals and those engaged in high-level economic crimes use money laundering, which is a serious violation.
Money laundering’s main goal is to hide the source, ownership, and final destination of money obtained illegally.
Criminals such as Salomon Bendayan do this to dissociate themselves from their illegal activity and guarantee that the riches they have amassed will be regarded as legitimate. However, this never took place.
In the end, strong anti-money laundering policies are essential to preserving the integrity of the world financial system and fostering confidence between both individuals and institutions.
The Bottom Line
That being said, money laundering is a serious federal violation that carries severe punishments, heavy fines, and perhaps life in prison.
For example, I have nearly forty years of experience working as an Assistant United States Attorney in the legal sector.
I’ve been working as a criminal defense lawyer in South Florida for the last fifteen years. My law company is the best option for anyone facing accusations from the federal government since we are dedicated to defending people against all federal criminal offenses.
