Florida Boarding School to Pay Nearly $2 Million to Settle Lawsuit Over Enrolling Students With Alleged Cartel Ties
Treasury officials said the school committed 89 sanctions violations tied to tuition payments A famous preparatory boarding school known for its elite sports programs agreed to pay almost $2 million to settle a potential liability lawsuit after allowing two students with alleged ties to a Mexican cartel to attend the institution. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced that IMG Academy, based in Bradenton, Florida , continued processing tuition payments for the two students, resulting in 89 violations of counternarcotics sanctions over a four-year period. According to OFAC, the transactions allowed sanctioned individuals to conduct business with U.S. persons and access the U.S. financial system. The Miami Herald reported that between 2019 and 2025, IMG Academy engaged in transactions involving the property or interests in property of the two individuals, entering into annual tuition agreements with the special...