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