News

Federal prosecutors in New York have moved to permanently seize more than $50 million that drug traffickers allegedly funneled through three investment firms in Southern Florida and Central America as part of an underground foreign-exchange scheme that ran from 2016 to 2019. One of the firms, Sefira, which raises funds to buy and develop office buildings, houses, hotels and other real estate ventures across the United States, agreed to forfeit $29 million after accepting millions of dollars in proceeds from illegal narcotics that undercover federal agents gave them as part of a sting operation, prosecutors claimed Tuesday. Hampus Assets and...