It was supposed to be a cargo of bananas from Latin America. What Spanish police found on the ship in the Mediterranean port of Algeciras instead were 13 tons of cocaine.
The drug bust in the fall of 2024 became the biggest in Spain¡¯s history at the time.
The ensuing investigation has now revealed what authorities allege was a financial network used to launder money running all the way to the founders of a special-purpose acquisition company in Newport Beach, California, that raised $200 million from investors just last year.
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