Florida man convicted of $300M money-laundering conspiracy

DOWNTOWN — FLORIDA MAN Alain Bibliowicz Mitrani, a resident of Miami and a citizen of France and Colombia, was convicted Friday by a federal jury in Brooklyn on five counts charging him with money laundering conspiracy, bank fraud conspiracy, conspiracy to operate an unlicensed money transmitting business, and operation of an unlicensed money transmitting business related to his laundering of drug proceeds through financial institutions in the United States, Joseph Nocella Jr., U.S. Attorney for the Eastern District of New York, announced on Friday.

Mitrani was the leader of a scheme to launder more than $300 million in cryptocurrency for persons affiliated with drug cartels and transnational criminal organizations, including the Sinaloa Cartel. The verdict was returned after a two-week trial before U.S. District Judge Carol Bagley Amon. Mitrani faces up to 70 years’ imprisonment.

“With today’s verdict, the defendant’s prolific money laundering of drug proceeds is all washed up,” Nocella said in a statement, adding, “The only laundering he will be handling in the future will be in a federal prison laundromat.”

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