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Paraguayan with suspected links to Hezbollah extradited to Miami for money laundering
Paraguayan extradited to Miami for key role in huge money laundering schemes, feds say
A Paraguayan businessman accused of moving millions of dollars around the globe for drug traffickers and other criminals with suspected links to the terrorist group Hezbollah was extradited to Miami to face money-laundering charges on Friday.
Before his extradition late Thursday, Nader Mohamad Farhat operated one of the biggest currency exchange businesses in the Tri-Border Area of Paraguay, Argentina and Brazil. At his first appearance in Miami federal court, he was charged with two counts of conspiring to launder money from drug-trafficking proceeds and an unlicensed currency transmitter in the United States, as well as six related money-laundering offenses.
Farhat faces similar charges in New York federal court, but his Miami case must be resolved first before he is transferred there. He is scheduled to be arraigned in Miami next Thursday, when he also has a bond hearing. Prosecutors are seeking his detention, saying he is a risk of flight.
Farhat’s defense attorney, David Raben, declined to comment about the allegations in the indictment. “We plan to vigorously defend out client,” he said after Farhat’s brief appearance in magistrate court Friday.
Read more: https://www.miamiherald.com/news/local/crime/article231810213.html