After a comprehensive federal trial in Brooklyn, Alain Bibliowicz Mitrani has been convicted on charges related to a substantial $300 million money laundering operation with ties to transnational criminal organizations. The jury found Mitrani guilty of money laundering conspiracy, bank fraud conspiracy, as well as operating an unlicensed money transmitting business, among other counts. This decision could lead to a maximum sentence of 70 years in prison for the defendant.
The case against Mitrani, who is a dual citizen of France and Colombia and resides in Miami, Florida, was presented over a two-week trial period. U.S. District Judge Carol Bagley Amon presided over the proceedings. According to the U.S. Attorney’s Office for the Eastern District of New York, Mitrani’s operation managed to launder money, including for individuals linked to the infamous Sinaloa Cartel.
During the trial evidence showed that from 2020 to 2024, Mitrani used his company, Treebu — disguised as a technology firm — as a front for laundering illicit proceeds from drug cartels operating in Colombia and Mexico. The prosecution detailed how Mitrani and his co-conspirators utilized cryptocurrency and a series of bank accounts to convert these dirty funds into cash, continuing the cycle of crime by funneling money back to drug traffickers…