Lawyer accused of laundering money for cartel denied bail

(Nov. 2012 story)

Attorney Marco Antonio Delgado was denied bail at his detention hearing before Federal Magistrate judge Norbert Garney on Wednesday.

Delgado was denied bail today after US attorneys told Judge Garney that Delgado had access to international monetary funds and that made him a flight risk.

Delgado, an attorney in the U.S., faces charges of laundering more than $600 million for a Mexican drug cartel is scheduled to ask to be released on bail.

Prosecutors say Delgado conspired to launder a cartel’s drug profits from July 2007 through December 2008. The indictment doesn’t say which cartel.

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

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

(Nov. 2012 story)