FILE - This June 13, 2016 file photo shows Drug Enforcement Administration (DEA) agents in Florida. A once-standout U.S. narcotics agent has admitted conspiring to launder money with a Colombian drug cartel. One was a Colombian public official, while the other was described as the head of a drug trafficking and money laundering organization. The indictment details at least $900,000 paid out from a single criminal account opened by Irizarry and an informant using the name, passport and Social Security number of a third person who was unaware their identity was being stolen. Timothy J. Shea, the DEA’s acting administrator, said Irizarry’s crimes “do not reflect the high standards of conduct we demand of our employees and our agents.”. Before he resigned in 2018, his ostentatious habits and tales of raucous yacht parties with bikini-clad prostitutes had become legendary among agents. In total, Irizarry and informants under his direction handled at least $3.8 million that should’ve been carefully tracked by the DEA as part of undercover money laundering investigations, prosecutors said. Authorities believe Marin is Colombia's contraband king, importing shipping containers full of electronics and textiles with drug dollars that wind up being sold at flea markets featuring contraband goods at a steep discount. The case raises new questions about the DEA's screening practices in its hiring of special agents. This material may not be published, broadcast, rewritten or redistributed. Proceeds from the scheme funded a veritable spending spree, including the purchase of a $30,000 Tiffany diamond ring, a BMW, three Land Rovers and a $767,000 home in Cartagena as well as homes in south Florida and Puerto Rico, where Irizarry and his wife had been living. Not all of that amount was pocketed by the co-conspirators, but the indictment details at least $900,000 that was paid out from a single criminal account opened by Irizarry and an informant using the name, passport and social security number of a third person who was unaware their identity was being stolen. The plea marked a stunning fall from grace for Irizarry, who had won repeated praise from superiors after joining the DEA in Miami in 2009 — even after he showed signs of deception on a polygraph test. He also was accused of sharing sensitive law enforcement information with co-conspirators, prosecutors said, including a Colombian public official and an alleged drug trafficker and money launderer. Yabrudi has been waiting for almost two years for this day,” said Leonardo Concepcion. Follow Goodman on Twitter: twitter.com/APjoshgoodman, Follow Mustian on Twitter: twitter.com/jimmustian, FILE - This June 13, 2016 file photo shows Drug Enforcement Administration (DEA) agents in Florida. Gustavo Yabrudi was given a 46-month sentence last year for his role in a multimillion-dollar money-laundering conspiracy. FILE – This June 13, 2016 file photo shows Drug Enforcement Administration (DEA) agents in Florida. One was employed as a Colombian public official while the other was described as the head of a drug trafficking and money laundering organization who became the godfather to the Irizarry couple’s children in 2015, when the DEA agent was posted to the Colombian resort city of Cartagena at the time.