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CT Vehicle Dealer Admits To Cocaine Trafficking, Revenue Laundering

A Western Massachusetts person admitted to conspiring to website traffic cocaine and working with his Connecticut vehicle dealership to launder cash subsequent a yearlong investigation into a big-scale drug trafficking corporation providing narcotics to dealers in multiple states from Mexico, authorities declared.

Miguel Betancourt, age 53, of Springfield, pleaded guilty to solitary counts of conspiracy to distribute cocaine conspiracy to commit income laundering in federal courtroom.

Acting US Attorney Nathaniel Mendell stated that Betancourt was indicted in November 2017 as aspect of a 14-thirty day period wiretap investigation into a significant-scale drug trafficking group that supplied narcotics to at minimum 4 states.

At his newest court docket appearance, Betancourt admitted that in 2016, he knowingly obtained five kilograms of cocaine, which he supposed to distribute to some others.

Betancourt then employed his vehicle dealership in Hartford County, Point out Line Automobile Product sales in Enfield, to launder some of the drug proceeds by offering two autos registered in another person’s identify to the source from whom he purchased the cocaine.

He also admitted to wiring $9,500 to a co-conspirator in Mexico.

When he is sentenced on Wednesday, Dec. 8, Betancourt will confront up to 20 several years in prison, a least of 3 several years and up to a life span of supervised release, and a wonderful of up to $1 million on the drug distribution cost.

Betancourt also faces up to 20 several years in jail, up to 5 decades of supervised release, and a good of up to $500,000 on the funds laundering demand.

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