Article: Wife of ‘El Chapo’ Pleads Guilty to Drug and Laundering Conspiracy

Article - Media

Wife of ‘El Chapo’ Pleads Guilty to Drug and Laundering Conspiracy

Patricia Hurtado, 10 June 2021

The wife of Mexican drug kingpin Joaquin “El Chapo” Guzman pleaded guilty on Thursday to narcotics trafficking and money laundering conspiracy charges, almost two years after Guzman was sentenced to life in prison.

Emma Coronel Aispuro, 31, has been in U.S. custody since she was arrested at Dulles International Airport in Virginia in February, accused of helping her husband operate the multibillion-dollar Sinaloa cartel and aiding his escape from a Mexican prison through an underground tunnel.

She pleaded guilty, in federal court in Washington, to conspiring to distribute illegal drugs in the U.S. and to launder money, and to engaging in transactions with a foreign narcotics trafficker.

Coronel, a U.S. citizen born in California, admitted working for the drug empire in a scheme that began around the time of her marriage to Guzman in 2007 and ran to the end of 2019. Guzman was convicted of engaging in a continuing criminal enterprise, as well as on drug trafficking and firearms charges, as leader of the cartel.

As part of a plea agreement, Coronel faces nine to 11 years in prison, federal prosecutors said Thursday.

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Article: Melvin Capital Is Facing Nine Lawsuits Related to the GameStop Frenzy

Article - Media, Publications

Melvin Capital Is Facing Nine Lawsuits Related to the GameStop Frenzy

Michelle Celarier, Institutional Investor, 22 March 2021

Gabriel Plotkin’s Melvin Capital, the hedge fund at the center of the GameStop trading frenzy in January, is a defendant in nine lawsuits by retail investors alleging a conspiracy to limit trading that caused them to lose money.

The hedge fund revealed the existence of the lawsuits in its annual ADV filing with the Securities and Exchange Commission.

Melvin was famously short GameStop and lost more than 50 percent during January following a short squeeze orchestrated by a Reddit forum called WallStreetBets, whose members included retail investors in GameStop. As the stock soared, various online brokerages catering to those investors, including Robinhood, restricted buying shares of GameStop, among other stocks heavily shorted by Melvin.