An Indian Trail man known as The Cuban was convicted on Friday of trafficking an estimated $21 million of cocaine in the Charlotte area.
Pedro Oscar Dieguez, 48, was found guilty in federal court in Charlotte of conspiracy to distribute cocaine, conspiracy to possess with intent to distribute cocaine and conspiracy to launder proceeds of drug trafficking. He will be sentenced at a later date.
Dieguez, who has been in federal custody since April 2013, faces a mandatory minimum sentence of 10 years to life in prison and a fine of up to $10 million, prosecutors said.
From 2004 through 2013, Dieguez and co-conspirators obtained more than 700 kilograms of cocaine from Mexican cartels or other sources with connections to cartels, prosecutors said.
Dieguez and his co-conspirators transported the cocaine in trucks to the Charlotte area, and redistributed the drug for ultimate sale as crack cocaine, according to prosecutors.
Dieguez laundered the drug proceeds through bank accounts and the purchase of expensive exotic horses, which he kept on his 16-acre ranch in Indian Trail, prosecutors said. He also used his ranch to offload shipments of drugs.
Marusak: 704-358-5067; Twitter: @jmarusak
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