David Murcia Guzman, the disgraced founder and head of the DMG corporation, was sentenced Wednesday by a Colombian court to 30 years and eight months in prison.
This decision comes several weeks after the Colombian Supreme Court accepted the U.S. extradition request for Guzman, who will be sent to the United States to serve out his sentence, reported newspaper El Tiempo.
Guzman received a 26 year and four month sentence for the crime of money laundering and an additional 51 months for the illegal mass uptake of public resources.
Judge Jose Reyes declared that Guzman “was well aware of what he was doing and yet he continued. Murcia was massively devoted to winning and this lead to him investing in order to conceal his huge capital.”
The judge asserted that Guzman, blinded by his wealth, launched into a frantic series of criminal activities that landed him where is is today.
Murcia’s company DMG was shut down by the authorities in 2008 and accused of being a Ponzi scheme and laundering money for drug lords. Murcia claims his company was legitimate and he is being persecuted to serve the interests of Colombia’s banking elite.