Lawyer Charged with Laundering Drug Cartel Money Is Denied Bail; Feds Call Him a Flight Risk
A jailed Texas lawyer who has been federally indicted concerning his role in a claimed conspiracy to launder some $600 million for a Mexican drug cartel has been denied bail at a Wednesday hearing.
Attorney Ray Velarde represents Delgado and says he will appeal the no-bail decision.
Delgado, an El Paso practitioner, is a former trustee of Carnegie Mellon University.
ABAJournal.com: “Texas Lawyer Indicted and Jailed re Claimed Role in Alleged Mexican Drug Money-Laundering Conspiracy”