14ymedio, Madrid, January 29, 2024 — Boris Arencibia, a Cuban resident in Miami, is in a prison in this city, accused of money laundering and conspiracy to illicitly distribute pharmaceutical products. As reported by América TeVé, the businessman, promoter of the controversial Santa María Music Festival on the Island, faces up to 40 years in prison for these charges.
The Federal Prosecutor’s Office of the Southern District of Florida, according to the note published by the American network, accused Arencibia, Stephen Manuel Costa and Ángel Caminero Álvarez, of “having falsified documentation and labels of adulterated drugs, and of having carried out financial transactions with funds from illegal activities,” in Miami and Puerto Rico, between 2013 and 2019.
Arencibia was arrested by the FBI early Saturday morning, and the next day he was presented before the Federal Court. The scoop was given by influencer Alexander Otaola, who had previously announced that the businessman was being investigated by the US federal agency.
Otaola commented that Arencibia, with restrictions on leaving US territor