Wells Fargo Banker Pleads Guilty To Helping Launder Millions For Sinaloa Cartel

by Tyler Durden
ZeroHedge.com
Fri, 05/17/2019

A 30-year-old Wells Fargo personal banker pleaded guilty on Thursday to knowingly opening bank accounts for people working with the Sinaloa cartel for money laundering purposes.

Luis Figueroa of Tijuana admitted to the scheme which spanned the United States, according to Business Insider.

Between 2014 and 2016, money laundering organizations recruited people who would open bank accounts for the cartel’s drug money, according to the US Attorney’s Office in the Southern District of California. The operation laundered over $19 million dollars in narcotics proceeds.

The drug money would be deposited into the bank accounts, also known as “funnel accounts,” in amounts below the threshold for regulatory reporting. -Business Insider

The Rest…HERE

This entry was posted on Friday, May 17th, 2019 at 2:02 pm and is filed under Conspiracy, Corruption, Economics, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.