The post Ex-Federal Agent Charged After Allegedly Using Crypto for Cartel Cash appeared on BitcoinEthereumNews.com. Crime A scandal involving a retired United States federal agent has taken an unexpected turn, after prosecutors in Manhattan revealed allegations that a man once tasked with policing financial crime wound up using the same skills to advance it. According to newly unsealed court filings, the individual — once responsible for steering the DEA’s financial intelligence programs — is said to have crossed the line from enforcement to participation, engaging in a money-moving arrangement that relied on cryptocurrency, covert meetings and criminal deception. Key Takeaways Prosecutors say a former DEA financial chief helped launder funds through crypto channels. The alleged scheme involved cocaine payments, laundering plans and weapons discussions. Authorities claim he exploited his law enforcement background to build credibility. The accused, identified as Paul Campo, built much of his career within the Drug Enforcement Administration before leaving government service nearly a decade ago for private consulting work. His background, federal experience and reputation for financial expertise reportedly became his calling card, prosecutors say — but not in the way one would expect. Investigators claim Campo aligned himself with a longtime associate, Robert Sensi. Their interactions eventually brought them into contact with a supposed emissary of the Jalisco New Generation Cartel — a group feared for its role in narcotics trafficking and violence across North America. What Campo and Sensi didn’t know, according to the indictment, was that the cartel representative was actually a confidential informant working with U.S. authorities. Crypto, Cocaine and Conversations About Firepower As described in the filings, Campo and Sensi allegedly mapped out ways to turn illicit funds into apparently legitimate wealth. One route reportedly involved converting cash into digital assets before flowing it into real estate deals. Another facet included arranging payments for cocaine shipments — prosecutors say conversations referenced 220 kilograms — and discussing… The post Ex-Federal Agent Charged After Allegedly Using Crypto for Cartel Cash appeared on BitcoinEthereumNews.com. Crime A scandal involving a retired United States federal agent has taken an unexpected turn, after prosecutors in Manhattan revealed allegations that a man once tasked with policing financial crime wound up using the same skills to advance it. According to newly unsealed court filings, the individual — once responsible for steering the DEA’s financial intelligence programs — is said to have crossed the line from enforcement to participation, engaging in a money-moving arrangement that relied on cryptocurrency, covert meetings and criminal deception. Key Takeaways Prosecutors say a former DEA financial chief helped launder funds through crypto channels. The alleged scheme involved cocaine payments, laundering plans and weapons discussions. Authorities claim he exploited his law enforcement background to build credibility. The accused, identified as Paul Campo, built much of his career within the Drug Enforcement Administration before leaving government service nearly a decade ago for private consulting work. His background, federal experience and reputation for financial expertise reportedly became his calling card, prosecutors say — but not in the way one would expect. Investigators claim Campo aligned himself with a longtime associate, Robert Sensi. Their interactions eventually brought them into contact with a supposed emissary of the Jalisco New Generation Cartel — a group feared for its role in narcotics trafficking and violence across North America. What Campo and Sensi didn’t know, according to the indictment, was that the cartel representative was actually a confidential informant working with U.S. authorities. Crypto, Cocaine and Conversations About Firepower As described in the filings, Campo and Sensi allegedly mapped out ways to turn illicit funds into apparently legitimate wealth. One route reportedly involved converting cash into digital assets before flowing it into real estate deals. Another facet included arranging payments for cocaine shipments — prosecutors say conversations referenced 220 kilograms — and discussing…

Ex-Federal Agent Charged After Allegedly Using Crypto for Cartel Cash

2025/12/07 08:41
Crime

A scandal involving a retired United States federal agent has taken an unexpected turn, after prosecutors in Manhattan revealed allegations that a man once tasked with policing financial crime wound up using the same skills to advance it.

According to newly unsealed court filings, the individual — once responsible for steering the DEA’s financial intelligence programs — is said to have crossed the line from enforcement to participation, engaging in a money-moving arrangement that relied on cryptocurrency, covert meetings and criminal deception.

Key Takeaways
  • Prosecutors say a former DEA financial chief helped launder funds through crypto channels.
  • The alleged scheme involved cocaine payments, laundering plans and weapons discussions.
  • Authorities claim he exploited his law enforcement background to build credibility.

The accused, identified as Paul Campo, built much of his career within the Drug Enforcement Administration before leaving government service nearly a decade ago for private consulting work. His background, federal experience and reputation for financial expertise reportedly became his calling card, prosecutors say — but not in the way one would expect.

Investigators claim Campo aligned himself with a longtime associate, Robert Sensi. Their interactions eventually brought them into contact with a supposed emissary of the Jalisco New Generation Cartel — a group feared for its role in narcotics trafficking and violence across North America. What Campo and Sensi didn’t know, according to the indictment, was that the cartel representative was actually a confidential informant working with U.S. authorities.

Crypto, Cocaine and Conversations About Firepower

As described in the filings, Campo and Sensi allegedly mapped out ways to turn illicit funds into apparently legitimate wealth. One route reportedly involved converting cash into digital assets before flowing it into real estate deals. Another facet included arranging payments for cocaine shipments — prosecutors say conversations referenced 220 kilograms — and discussing more ambitious ventures such as drone-based explosive attacks and weapons procurement ranging from rifles to grenade launchers.

Authorities assert that Campo not only lent operational expertise, but used his DEA résumé to convince the informant that he still had access, insight and industry knowledge worth exploiting.

Far-Reaching Charges

While prosecutors allege the total laundering agreement was much larger, roughly three-quarters of a million dollars is said to have been successfully washed through cryptocurrency channels. Campo now faces accusations that span organized crime support, narcotics conspiracy, narco-terrorism and money laundering.

Federal officials described the case as a stark breach of duty, emphasizing that public trust rests not only on current service but on conduct that follows it. Senior DEA leadership issued unusually sharp language, calling the indictment a warning that former agents abusing insider knowledge for criminal gain will meet “the fullest consequences the law provides.”

The court case remains active, with additional disclosures expected as trial proceedings unfold.


The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Author

Reporter at Coindoo

Related stories

Next article

Source: https://coindoo.com/ex-federal-agent-charged-after-allegedly-using-crypto-for-cartel-cash/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Can Bulls Defend the $2 Mark?

Can Bulls Defend the $2 Mark?

The post Can Bulls Defend the $2 Mark? appeared on BitcoinEthereumNews.com. The crypto market is holding its breath as the Federal Reserve is widely expected to announce another rate cut next week. With an 86% probability of a 25-basis-point reduction, the move signals a shift in monetary policy—one that could ripple through traditional and digital markets alike. For XRP price, this decision comes at a critical juncture. The token is consolidating near the $2 mark, showing early signs of compression that could lead to a decisive breakout or breakdown. How the Fed’s Decision Could Influence XRP Price Prediction When the Fed lowers interest rates, liquidity usually flows toward higher-risk assets like cryptocurrencies. Investors see reduced borrowing costs as a green light to move capital away from bonds and into speculative sectors. In the short term, this could boost demand across the crypto market, especially for large-cap coins like XRP that have historically tracked broad market sentiment. However, this policy shift isn’t without risk. If the rate cut sparks fears of inflation, the dollar might weaken temporarily, boosting crypto prices, but an overheated market could later face correction once inflation pressures resurface. In essence, XRP’s near-term rally potential depends not only on the cut itself but on how investors interpret the Fed’s broader tone—whether it signals a short-term stimulus or a sustained dovish stance. Technical Analysis: XRP Price Faces a Tight Squeeze XRP/USD Daily chart- TradingView The XRP price daily chart shows price holding just above the $2.04 zone, hugging the lower Bollinger Band range. The bands have tightened, signaling a phase of volatility contraction. Historically, such setups precede large directional moves. The middle band (SMA 20) around $2.11 acts as immediate resistance, while the upper band near $2.28 defines the ceiling for bullish expansion. The Heikin Ashi candles show mild indecision—smaller bodies and wicks on both sides—hinting at market hesitation. A…
Share
BitcoinEthereumNews2025/12/07 13:43