Second trial delayed for ex-CMU trustee accused in money-laundering case

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A second fraud and money-laundering trial in Texas for a former Carnegie Mellon University trustee sentenced last week for laundering drug money has been delayed again.

An El Paso judge has set a new trial date of March 31 for Marco Delgado, 47, an energy lawyer who stopped serving as a CMU trustee in 2012.

He was sentenced Friday to 20 years in federal prison for laundering money for a defunct Mexican drug cartel.

In the second case, originally set to go to trial in February, Mr. Delgado is accused of pilfering $32 million from a Mexican utility that was building a power plant along the U.S. border.

Mr. Delgado represented a Nevada company in a deal to provide equipment for the plant. Federal agents said he diverted $32 million to his secret account in Turks and Caicos islands. From there, according to a grand jury, he transferred nearly $2 million into his other accounts in Pittsburgh, El Paso and Taos, N.M., in an effort to disguise the source of the money.

Prosecutors said he used the stolen money to fund a lavish lifestyle.


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