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.

Authorities Raid Underground Casino Near Texas Border

Authorities raided an underground casino near the Texas border that had been concealed in a private home in a quiet neighborhood. The raid is part of the ongoing Operation Bishop which as previously reported by Breitbart Texas is an effort by law enforcement to kick out underground casinos. These casinos are not only a magnet for criminal activity, but have also been used as a way to launder money by Mexican cartels operating in the U.S.

Top Honduran Businessman Indicted for Laundering Drug Money

On October 7, the US Justice Department released a statement saying that one of Honduras’ most powerful businessmen and two of his family members have been indicted for allegedly laundering money for drug traffickers. Seven businesses were also labeled “specially designated narcotics traffickers” under the Kingpin Act.

DOJ: Mexican Cartel Used Middle Eastern Honor System to Launder U.S. Currency

Court documents filed in federal court claim that a suspected drug traffickers linked to Mexico’s Sinaloa Cartel used a Middle Eastern honor system to launder drug proceeds. Known as a Hawala, members of the conspiracy would be hired by cartel members in Canada and Mexico to move drug proceeds through the honor system that does not leave a paper trail as couriers move the money between countries.