Robert J. Becerra Victorious in Criminal Trade-Based Money Laundering Trial

Robert J. Becerra

Robert J. Becerra
Devine Goodman Rasco Watts-FitzGerald & Wells, P.A.

On March 6, 2014, a 12 person jury in Fort Lauderdale federal court rendered a not guilty verdict for two Devine Goodman Rasco Watts-FitzGerald & Wells, P.A. (DGRWW) clients, a cell phone export company and its purchasing manager, in a case for which the United States Attorney’s Office for the District of Puerto Rico had charged DGRWW’s clients with a conspiracy to commit money laundering involving the Colombian Black Market Peso Exchange.

DGRWW attorney Robert J. Becerra tried the case for the Defendants, the indictment of which had alleged that the cell phone exporter and its purchasing manager had knowingly accepted $1.8 million in wire transfers from a third party, not the exporter’s customer in Colombia, which involved proceeds originating in the Colombian Black Market Peso Exchange, which the Government maintained is used to launder drug proceeds. The wires from a large bank in San Juan, Puerto Rico were received by the cell phone exporter in payment for cell phone exports to Colombia. After considering the evidence during a 4-day trial, the jury rendered a not guilty verdict in favor of DGRWW’s clients after deliberating for 3 1Ž2 hours.