Alleged Sinola Cartel Members Arrested in Drug Conspiracy

September 4, 2012

The Federal Bureau of Investigation (FBI) on September 4, 2012 released the following:

“CONCORD—Three members of the Sinaloa Cartel were arrested on drug conspiracy charges after a three-year long investigation, announced United States Attorney John P. Kacavas.

Manuel Jesus Guttierez Guzman, Rafael Humberto Celaya Valenzuela, and Samuel Zazueta Valenzuela were arrested in the port city of Algeciras, Spain, on August 7, 2012, by the Federal Bureau of Investigation and the Spanish National Police. The arrests resulted from a three-year long investigation into the drug smuggling activities of the Sinaloa Cartel as it attempted to establish a market for cocaine in Europe and in the United States. Law enforcement authorities also seized 346 kilograms of cocaine that were shipped by the cartel as part of the undercover operation. Authorities seized a quantity of heroin and methamphetamine in May 2012 in Detroit, Michigan, that was tendered by the cartel as partial payment for costs incurred in previously scheduled by aborted shipments of cocaine.

Also arrested in Spain was Jesus Soto, an individual who was sent to Spain by the cartel to monitor the safety of the shipment of cocaine.

Manuel Guzman is the first cousin of Joaquin Guzman-Loera, also known as “Chapo,” the reputed leader of the Sinaloa Cartel.

A New Hampshire grand jury returned an indictment charging Guttierez Guzman and the Valenzuelas and others with conspiracy to distribute 1000 or more kilograms of cocaine. The investigation involved meetings with members of the conspiracy in New Hampshire, Florida ,and the Virgin Islands at which the details of the drug distribution scheme were discussed.

The United States Attorney’s Office for the District of New Hampshire is working with the Office of International Affairs and the kingdom of Spain to obtain the extradition of those arrested. Each of the arrested individuals is a citizen of Mexico.

The case was investigated by the Federal Bureau of Investigation and the Boston Police Department with the assistance of the Spanish National Police.

The public is reminded that an indictment is a charge brought by the grand jury, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt.”

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Douglas McNabb – McNabb Associates, P.C.’s
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To find additional federal criminal news, please read Federal Criminal Defense Daily.

Douglas McNabb and other members of the U.S. law firm practice and write and/or report extensively on matters involving Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition Defense, OFAC SDN Sanctions Removal, International Criminal Court Defense, and US Seizure of Non-Resident, Foreign-Owned Assets. Because we have experience dealing with INTERPOL, our firm understands the inter-relationship that INTERPOL’s “Red Notice” brings to this equation.

The author of this blog is Douglas C. McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.


Before news of FBI raid, investors bet against Boca firm, raising insider trading suspicions

September 29, 2011

The Palm Beach Post on September 29, 2011 released the following:

“By JEFF OSTROWSKI
Palm Beach Post Staff Writer

BOCA RATON — In the hours before investors learned that Imperial Holdings was the target of a federal investigation, investors made a large number of bets that the company’s stock would plunge.

Volume for puts to sell shares – a bet that the stock price would fall – totaled 1,948 on Tuesday. That was 85 times the daily average since the options were listed on exchanges in February, Bloomberg News reports today.

Call volume was 35 times the normal activity. The most active options were October $5 puts, which accounted for more than half of all volume. Those contracts, which had never traded before that day, changed hands in blocks as large as 80, Bloomberg reported.

The options trading began at 11:25 a.m. Tuesday, Bloomberg said. The New York Stock Exchange halted trading of Imperial Holding (NYSE: IFT) at 1:42 p.m.

Investors learned that FBI agents had raided the company’s Boca headquarters at 2:26 p.m., when The Palm Beach Post reported the raid.

The spike in options activity raised eyebrows.

“This feels like a trade with prior knowledge of a news event, or extraordinarily good timing,” Ophir Gottlieb, managing director of client services at San Francisco-based Livevol Inc., told Bloomberg.

Imperial is a specialty finance firm that finances insurance premiums, buys life insurance policies from policyholders and buys structured settlements from plaintiffs in lawsuits.

Chief Executive Antony Mitchell, 45, and Chief Operating Officer Jonathan Neuman, 38, are among the Imperial Holdings employees “under investigation in the District of New Hampshire” in connection with the company’s life-finance business, the company said in a statement.

Imperial Holdings shares fell 65 percent Wednesday and have jumped 23 percent today.”

To find additional federal criminal news, please read Federal Crimes Watch Daily.

Douglas McNabb and other members of the U.S. law firm practice and write and/or report extensively on matters involving Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition and OFAC SDN Sanctions Removal.

The author of this blog is Douglas McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.

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