Federal agents seized assets of Phoenix, Arizona based Shaboom Oil Company. The company is alleged to have been funded by proceeds from a marijuana smuggling operations by Paul Hindelang a smuggler convicted in 1981 of moving 500,000 pounds of marijuana into the southeastern United States.
Kansas City Star
The company, owned by Panama-based Shaboom Investments, also forfeited 43 operating oil wells in Pennsylvania and mineral rights to 1,100 acres in the Allegheny National Forest, authorities said.
Authorities also said they seized $6.5 million in assets from trusts and bank accounts in Monaco, part of more than $70 million forfeited in the investigation dating to the early 1990s.
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Federal officials said the impetus for the investigation was Paul Hindelang, who operated one of the nation's largest marijuana smuggling operations in the late 1970s. Special agent Cynthia Keuthan said Hindelang did not have any operating control over Shaboom, but "it was his drug proceeds that ultimately funded the company."
