Multi-year DEA investigation accuses drug cartel of laundering millions through Chinese network in LA

A multi-year investigation by the Drug Enforcement Administration (DEA) has resulted in the indictment of 12 individuals accused of laundering millions of dollars for a Mexican drug cartel through a network of businesses in Los Angeles. The alleged operation involved laundering proceeds from the sale of heroin, cocaine, and methamphetamine, using shell companies and banks in the United States and China. According to the indictment, the cartel used a variety of methods to launder money, including using cash couriers to transport funds between the United States and China, and using Chinese bank accounts to receive and transfer money. The indictment alleges that the cartel used businesses in the United States to move money through legitimate channels. The individuals charged in the indictment face a range of charges, including money laundering conspiracy, conspiracy to distribute controlled substances, and international money laundering. The investigation is ongoing, and additional charges are possible.

Summary

"This investigation highlights the complex and sophisticated methods used by drug cartels to launder money. The DEA's efforts to dismantle these networks are crucial to combating the flow of illegal drugs and money."