The Real Deal Miami

Dealer who laundered cash through condos to be sentenced

Álvaro López Tardón purchased 13 luxury condominiums in 2011

August 21, 2014 05:15PM

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Spanish drug lord Álvaro López Tardón

This week Álvaro López Tardón will be sentenced for laundering $20 million in cocaine profits through Miami’s luxury condominium and car markets.

In June, López Tardón was found guilty of a single conspiracy charge that carries up to 20 years in prison. He was also convicted on 13 money-laundering charges that carry up to 10 years each, according to the Miami Herald.

In 2011, López Tardón purchased 13 luxury condos, including a $1 million-plus penthouse at the Continuum in South Beach, as well as 17 luxury cars, including a 2008 black Bugatti Veyron for $1.2 million and a 2003 black Ferrari Enzo for almost $1 million. [Miami Herald] Christopher Cameron

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