Marco Antonio Delgado, 46, a former trustee at Carnegie Mellon University and Texas lawyer, faces charges of laundering more than $600 million for a Mexican drug cartel.
Delgado was arrested on November 2 at a restaurant in El Paso and was indicted in federal court in El Paso Thursday and asked Judge Norbert Garney to schedule a bond hearing for Wednesday.
Delgado pleaded not guilty to the charges which accuse him of conspiring to launder drug profits from July 2007 through December 2008 for a cartel based in Guadalajara, Mexico. If convicted, Delgado faces a maximum 20 year prison sentence.