David Murcia Sentenced to 30 Years
BOGOTA - The head of DMG, David Murcia
Guzman , was found guilty of assets
laundering and illegally and habitually
capturing massive amounts of money, a
pyramid scheme that defrauded thousands of
people of their life savings has received a
30-year jail term.
The 4th special criminal judge of Bogota,
Jose Reyes Rodriguez, sentenced Guzman,
owner of company DMG, to 30 years, 8 months
in jail and fined him 25 billion pesos.
The judge said that Murcia was always
cognizant of working illicitly and chose to
declare political and legal war against the
Colombian financial system.
"There was misconduct due to his excessive
ambition to be rich. He knew what he was
doing but didn't stop," the judge said
during the hearing.
Before the sentence, the government issued a
press release endorsing the U.S. extradition
request for Murica Guzman and his associate
William Suarez, where they are expected to
face U.S. justice for laundering assets.
Murcia was extradited from Panama to
Colombia a year ago.
The demise of DMG provoked protests both by
those angry at the loss of their money and
also by investors who insisted that the
company was legitimate and that the
government had forced its collapse.
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