The Texas money-laundering prosecution of former Carnegie Mellon University trustee Marco Delgado has been delayed at least until next month.
Mr. Delgado had been scheduled for trial in May in U.S. District Court in El Paso, but the case was postponed while his lawyer sought a psychiatric evaluation. The case was postponed until this month and now has been pushed back until Aug. 8, when a hearing will be held to determine a possible trial or plea date.
Mr. Delgado, a high-living energy attorney and philanthropist in El Paso, is accused in two indictments following an investigation by the U.S. Department of Homeland Security.
In the first, agents said he conspired to launder $1 million for a violent Mexican drug cartel with the expectation that he would launder up to $600 million in the future.
In the second indictment, he is accused of stealing $32 million from a Mexican utility by diverting the money into his own accounts in Pennsylvania, Texas and New Mexico.
His house, several other properties, cars and $2.5 million at a Caribbean bank have been seized pending the outcome of the case.
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