First DMG executive released

A Colombian judge ordered the release of one of the directors of pyramid scheme and alleged money launderer DMG.

The judge ruled that former director Daniel Angel Rueda was a free man after having served 60 percent of his two and a half year prison sentence.

Before going to jail, Rueda made a plea bargain with the Prosecutor General’s Office and was offered a reduced sentence in return of his collaboration with justice.

DMG founder David Murcia, who refused any collaboration with Colombian justice, was extradited to the United States in January 2010 and is awaiting trial on money laundering charges.

The dismantling of DMG in late 2009 caused heavy riots in Colombia where some 200,000, mostly poor, Colombians had “invested” their money in the pyramid scheme.

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