Accused Peruvian gold smuggler in massive Miami money laundering case dies of COVID-19
An infamous Peruvian gold trader at the center of a multibillion-dollar money laundering case in Miami has died of COVID-19 in his homeland, according to authorities and news accounts.
Pedro David Perez Miranda, 60, died Saturday at a hospital
in Lima, Peru, after struggling with the coronavirus respiratory disease since
late August.
His alias was "Peter Ferrari," dubbed with that
nickname by the news media because of his love for flashy cars, beautiful women
and the yellow precious metal, gold.
Ferrari, who had been in custody in Peru before his
hospitalization, was accused in a 2017 indictment of trading tons of gold
illegally mined in the country's rainforest and selling it to three Miami
brokers at NTR Metals. They pleaded guilty to a $3.6 billion money laundering
conspiracy were sentenced to several years in prison.
Ferrari, changed along with his two sons and a former
bodyguard, had earned a notorious reputation as a suspected smuggler of
"dirty gold" who used shell companies, straw owners, false paperwork
and cash bribes to move the precious metal to lucrative markets in Miami and
other parts of the United States.
Federal prosecutors alleged that South American drug
traffickers washed their illicit proceeds from cocaine through the unlawful
gold mining industry in the Madre de Dios region of Peru, where Ferrari was
suspected of acquiring most of his precious metal for export to the United
States.
Once the U.S. government receives formal confirmation of his
death, the U.S. Attorney's Office in Miami is expected to dismiss the
single-count indictment against Ferrari. But his twin sons, Gian Piere Perez
Gutierrez and Peter Davis Perez Gutierrez, and former body guard, Jose Estuardo
Morales Diaz, could still be extradited for prosecution in Miami.
"When a defendant dies, the U.S. Attorney's Office
dismisses charges against that person," said Assistant U.S. Attorney
Marlene Rodriguez. "Charges remain pending against the three
associates."
In their plea deals, NTR Metals three brokers, Samer
Barrage, Renato Rodriguez and Juan Granda, admitted dealing with Ferrari as
part of their smuggling of tainted gold between January 2013 and March 2017 for
NTR, which was owned by Dallas-based parent company, Elemetal.
Prosecutors said the three brokers circumvented Elemetal's
anti-money-laundering compliance program by buying gold from Ferrari. An
Elemetal compliance officer warned them about buying gold from the Peruvian,
but they ignored the warnings and set up accounts at Elemetal for a series of
"front companies" so they could buy and import $400 million worth of
gold.
In total, the NTR brokers purchased $1 billion worth of gold
from "collectors" of the precious metal in Peru during 2013, before
Peruvian authorities began cracking down on the illegal mining and smuggling
trade. Authorities there confiscated some of Ferrari's shipments destined for
NTR and other gold businesses in Miami.
In 2018, NTR's parent company, Elemetal, pleaded guilty to
failing to maintain an effective anti-money laundering program and paid a $15
million fine — $10 million in gold that was seized by the Peruvian authorities
and $5 million to the U.S. government.
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