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Press Release

Citizen of Dominican Republic Sentenced to 78 Months in Prison for Role as Leader of International Money Laundering Organization

For Immediate Release
U.S. Attorney's Office, District of New Jersey

NEWARK, N.J. – The leader of an international money laundering organization in the Dominican Republic was sentenced today to 78 months in prison and ordered to pay $80 million in forfeiture for his role in a conspiracy to commit money laundering. Luis Velazquez-Cordero, aka El Pequeño, 38, a citizen of the Dominican Republic, pleaded guilty before U.S. District Judge Brian R. Martinotti on May 4, 2022, to Count One of an indictment charging him with conspiring to commit money laundering. Velazquez-Cordero was extradited to the United States after his arrest the Dominican Republic on July 28, 2020.

Updated May 4, 2023

Financial Fraud
Press Release Number: 23-129