Colombia on Thursday extradited Margarita Pabon, former legal advisor to pyramid scheme DMG, to the U.S. to face money laundering charges.
The director of Interpol in Colombia, Colonel Alvaro Pico, confirmed that Pabon had been moved from a Bogota prison to Catam military airport, where she was handed over to members of the U.S. Drug Enforcement Administration (DEA).
DMG founder David Murcia and his business partner William Suarez were also extradited to the U.S. on money laundering charges.
Pabon was a legal advisor and close aide of Murcia, who headed Ponzi scheme and money laundering operation DMG.
According to Colombian authorities, DMG was a pyramid scheme that laundered money for local drug lords. Murcia always defended his business as legitimate, and claims that he is being persecuted in order to defend the interests of established Colombian banks.
Hundreds of thousands of Colombian lost their savings when police shut down all activities of the company late 2008. Most of the money that had been “invested” in DMG is still missing.
