bling bling – Finance Colombia https://www.financecolombia.com Connecting Colombia to the global capital markets, analysts, economists, investors, and executives that matter Wed, 23 Jun 2021 23:19:04 +0000 en-US hourly 1 https://www.financecolombia.com/wp-content/uploads/2016/01/cropped-Favicon-32x32.png bling bling – Finance Colombia https://www.financecolombia.com 32 32 ¡Blinblineo! Bogotá Police Capture Suspect Near Airport With $500,000 USD Cash & No Excuses https://www.financecolombia.com/blinblineo-bogota-police-capture-suspect-near-airport-with-500000-usd-cash-no-excuses/ Tue, 22 Jun 2021 19:30:30 +0000 https://www.financecolombia.com/?p=22465 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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