The United States has arrested the heir to the French brand Cartier, Maximilien de Hoop Cartier, on charges of money laundering using cryptocurrency. 🚨

Cartier is accused of drug trafficking and money laundering using the popular stablecoin Tether (USDT). He was allegedly involved with a Colombian drug cartel, attempting to import 100 kg of cocaine and launder millions of dollars through OTC USDT transactions.

Cartier used several shell companies to conduct its operations. These companies are registered as IT businesses. Through these accounts, defendant laundered hundreds of millions of dollars in illegal activity through USDT, dollars, pesos, and other currencies.

Cartier is currently awaiting sentencing in a Miami prison, where he is charged with four counts of criminal activity. His accomplices are being held in a Colombian prison.