Cartel launderer pleads guilty in S.A. real estate deals
By Jason Buch and Guillermo Contreras, Staff Writers
Updated 4:07 pm, Thursday, May 23, 2013
- A typical money laundering operation uses three stages to separate drug proceeds from their origins and enters them into the legitimate economy, said Jim Dowling, managing director of the Dowling Advisory Group and former anti money-laundering advisor to the White House Drug Policy Office. Federal prosecutors allege that a money-laundering organization based in Guadalajara and San Antonio used the three stages:
Photo: Mike Fisher
Comments (
Printable Version
Email This
FontMore Information
Timeline
Explore an interactive timeline
Original owner gets his movie rights back
Fugitive loses stake in two Dominion properties
Feds move to sell money laundering suspect's house
7 years for extorter in biblical movie case
Fugitive linked to cartels gives up
Extorted S.A. businessman wants film rights back
Trafficker gives up stake in film with plea deal
Feds in S.A. file claim on potential blockbuster film
Money launderers constantly evolving
S.A. ties to drug cash detailed
Page 1 of 1
The son of a wealthy real estate magnate from Guadalajara, Mexico, admitted Wednesday afternoon to laundering drug cartel money in San Antonio land deals.
Alejandro Sánchez Garza, 43, pleaded guilty to one count of conspiring to launder money. Prosecutors had alleged that Alejandro Sánchez and a brother, Mauricio, had coordinated the delivery of U.S. drug sales to their business in Guadalajara, then wired the money to companies or front men in the U.S. to make it appear legitimate.
Between 2005 and 2010, the Sánchez brothers wired millions of dollars to the U.S., which was used to invest in a movie script, real estate development and a restaurant, according to court records.
Alejandro Sánchez ran the now closed Barbaresco Tuscan Grill and Enoteca on San Pedro Avenue. It has since been sold at a government auction.
He was a fugitive in Mexico for almost a year before he turned himself in to U.S. authorities in September at the San Antonio International Airport.
Read more at Express-New.com.
jbuch@express-news.net
Twitter: @jlbuch
Alejandro Sánchez Garza, 43, pleaded guilty to one count of conspiring to launder money. Prosecutors had alleged that Alejandro Sánchez and a brother, Mauricio, had coordinated the delivery of U.S. drug sales to their business in Guadalajara, then wired the money to companies or front men in the U.S. to make it appear legitimate.
Between 2005 and 2010, the Sánchez brothers wired millions of dollars to the U.S., which was used to invest in a movie script, real estate development and a restaurant, according to court records.
Alejandro Sánchez ran the now closed Barbaresco Tuscan Grill and Enoteca on San Pedro Avenue. It has since been sold at a government auction.
He was a fugitive in Mexico for almost a year before he turned himself in to U.S. authorities in September at the San Antonio International Airport.
Read more at Express-New.com.
jbuch@express-news.net
Twitter: @jlbuch
Read more: http://www.mysanantonio.com/news/local_news/article/Cartel-launderer-pleads-guilty-in-S-A-real-4539540.php#ixzz2UAR1G8I6
No comments:
Post a Comment