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¡Blinblineo! Bogotá Police Capture Suspect Near Airport With $500,000 USD Cash & No Excuses

Posted On June 22, 2021
By : Loren Moss
Comment: Off
Tag: blinblineo, bling bling, bogotá, colombia, el dorado, Fiscalia, international airport, julián camilo rico duque, Money Laundering, suv, toyota, truck, yipeta

Rolling about alone with half a million dollars in cash is not a good idea in almost any circumstances, but especially not in Bogotá, Colombia when the authorities are already suspicious of you for money laundering. Julián Camilo Rico Duque was stopped at a roadblock outside of Bogotá’s El Dorado International Airport, where a search of his high-end Toyota SUV yielded $500,000 USD in $100 bills.

Blinblineo is the Spanish slang equivalent for “Bling Bling”

In Colombia, the law requires justification for holding large amounts of cash, It’s not illegal to hold cash, but the burden of proof falls to a large degree upon the bearer to justify the source. Prosecutors charged Rico with money laundering, to which he pled not guilty. A judge ordered Rico, the truck and the cash held pending trial.

Photo courtesy: FIscalia de Colombia

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Loren Moss is the founder and publisher of Finance Colombia. He has over 20 years of international business experience, including over a decade of experience in securities, insurance, and commercial real estate, at the institutional and international level.
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