Cartier’s Heir, Maximilien de Hoop Cartier Jailed 8 Years For Running $470 Million Drug Money Crypto Scheme
A de scendant of the Cartier jewellery dynasty has been sentenced to eight years in federal prison after confessing to running an unlicensed cryptocurrency exchange that laundered more than $470 million in drug trafficking proceeds. Maximilien de Hoop Cartier, a French resident who moonlights as a singer under the name ‘Max Cartier’, was sentenced in Manhattan federal court on Tuesday, April 28, after pleading guilty in October to operating an unlicensed money-transmitting business and to conspiracy to commit bank fraud. Cartier, 58, funneled the money through a web of the U.S. shell companies disguised as fake software and tech firms — with names like Bullpix Solutions, Softmill LLC, and VC Innovated before routing it to Colombia, prosecutors said. The companies existed solely to receive and transmit international drug money, converting narcos’ cryptocurrency into hard currency. To fool banks, Cartier used forged contracts and invoices to make it appear the firms were doing legitimate...