By Debra Erdley

Published: Wednesday, January 16, 2013, 7:34 p.m.
Updated: Wednesday, January 16, 2013

Marco Delgado, a former Carnegie Mellon University trustee arrested in Texas and charged with helping a Mexican drug cartel launder more than half a billion dollars, will remain in jail without bond, pending trial.

Ruling from U.S. District Court in El Paso, Texas, senior federal Judge David Briones rejected Delgado's bid for freedom. He noted that Delgado faces a lengthy prison sentence and up to $1 million in fines if convicted and has “the means, the contacts and a motive to flee.”

In his ruling, Briones said testimony from cooperating witnesses suggested Delgado, a Texas lawyer, has access to a bank account in Mexico containing $32 million, had received a $500,000 wire from a Swiss bank account and once told a cooperating witness he would flee to the Turks and Caicos Islands if he ever was arrested.

Delgado, who earned a master's degree from CMU in 1990 and went on to endow a fellowship for Hispanic graduate students, served on the CMU board until last year. He was enrolled in an international CMU graduate program in wealth management when he was arrested Nov. 2.

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