No bail for man accused of laundering for cartel

AP News
Posted: Nov 14, 2012 3:16 PM
No bail for man accused of laundering for cartel

EL PASO, Texas (AP) — A U.S. lawyer who faces charges of laundering more than $600 million for the Milenio Mexican drug cartel has been denied bail.

Marco Antonio Delgado's attorney, Ray Velarde, says he will appeal U.S. District Judge Norbert Garney's decision made Wednesday.

Prosecutors say Delgado conspired to launder drug profits from July 2007 through December 2008. They say he's since participated in financial transactions they believe are connected to organized crime.

Delgado is a former Carnegie Mellon University trustee. He gave a $250,000 endowment to create a scholarship named after him to help Hispanic students.

A profile later removed from the university's website says he left his professional duties to work with Mexico's President-elect Enrique Pena Nieto. Pena's team denies knowing Delgado. The university says the biographical information was submitted by Delgado.