Aide to Britain's UKIP charged with money laundering in US

Image
AP London
Last Updated : Aug 13 2016 | 10:42 PM IST
A campaign worker for Britain's right-wing UK Independence Party has been indicted in the United States on charges including blackmail and money-laundering.
A federal indictment issued in Arizona alleges that George Cottrell agreed to launder money for undercover law-enforcement agents posing as drug traffickers. He is accused of 21 counts relating to money laundering, fraud, blackmail and extortion.
The indictment says that in 2014 Cottrell, using the online alias Bill, "agreed to launder the undercover agents' purported drug proceeds by transferring the property to offshore accounts." It says Cottrell later met the agents in Las Vegas and arranged for them to transfer USD 20,000 to an associate.
It also alleges that Cottrell tried to blackmail the supposed drug traffickers, threatening to go to the police unless they paid him 130 Bitcoin, then worth about USD 80,000.
Cottrell was arrested July 22 at Chicago's O'Hare airport as he and former UKIP leader Nigel Farage were returning from the Republican convention in Cleveland.
A judge denied bail, saying Cottrell "poses a serious risk of flight."
Cottrell, who is in his 20s, is the son of a wealthy aristocratic family. His uncle, Lord Hesketh, worked for the Conservative Party under Prime Minister Margaret Thatcher and later became a supporter of UKIP.
His mother, Fiona Cottrell, is the daughter of another lord.
UKIP said today that Cottrell had worked unpaid for the party, helping with logistics and media arrangements during Britain's European Union referendum campaign. UKIP supported the victorious "leave" side in the June 23 vote.
UKIP said in a statement that the criminal allegations "date from a time before he was directly involved" with the party.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 13 2016 | 10:42 PM IST

Next Story