Tag: Money Laundering

Mexican Border Gas Station Sold Stolen Cartel Fuel for Years, Say Prosecutors

For more than two years, a gas station in this border city worked as a front for the sale of fuel allegedly stolen by Mexico’s Gulf Cartel. State and federal authorities raided the business after an investigation revealed that, since June 2015, the gas station had not been buying gasoline from Mexican Petroleum (PEMEX), the entity in Mexico that controls all of the extraction, refining, and sale of fuel in the country.

Feds Warn of Cartel Money Laundering Scheme in South Texas

HARLINGEN, Texas — Mexican drug cartels have been buying and selling counterfeit goods at flea markets and small stores as a way to launder their drug proceeds, federal agents said. As Halloween celebrations approach, authorities are warning about certain counterfeit goods that could pose a health risk to unsuspecting customers.

Backpage.com CEO Now in California to Face Pimping Charges

The CEO of Backpage.com agreed to immediate extradition to California after his arrest in Houston on money laundering and pimping charges. Carl Ferrer was taken into custody on Friday after he arrived at a Houston airport on a flight from Amsterdam. He is now in a California jail.

Money Laundering Network

Money Laundering Network Between Colombian and Mexican Cartels Disrupted

The drug trafficking ties between Colombia and Mexico go back decades, to when Colombian cartels started supplying Mexican drug runners with cocaine in the late 1970s. Those ties have since strengthened, and the recent discovery of a money laundering network between the two countries’ more powerful cartels is evidence of this.

Zetas Smuggler: Horse Racing in Mexico, South Texas ‘Part of Narco Culture’

One of the biggest blows to the Los Zetas drug cartel was dealt when a money laundering empire involving horse racing in Texas was dismantled in 2012. A drug smuggler now testifying in that case in San Antonio told the jury that horse racing was part of the trafficking culture, and Los Zetas leaders had been heavily involved in the sport well before the laundering scheme’s ringleaders were arrested.