A Colombian woman convicted of international money laundering in a pyramid scheme has returned home to complete her sentence, after serving 15 months in a U.S. jail.
Margarita Pabon was extradited to the U.S. in 2010 for her part in the DMG pyramid scheme, which allegedly laundered money for Colombian drug lords.
Hundreds of thousands of Colombians lost savings amounting to $2 billion before DMG was exposed in 2008. Pabon, who directed the company’s finances and was the boss’s lawyer, was sentenced by a Colombian court in 2009 to more than four years in jail, plus a fine of $90,000.
Having served 15 months is the U.S., Pabon will now complete her sentence in Colombia. Several other extradited DMG executives, including Pabon’s husband Luis Fernando Cediel, remain in custody in the U.S..
Former DMG boss David Murcia always defended his business as legitimate, claiming that he was persecuted in order to defend the interests of established Colombian banks.
