Steve Neavling
ticklethewire.com
A Mexican drug cartel is accused of using Bank of America Corp. to invest money generated from selling cocaine into U.S. horse racing, Bloomberg reports.
Jose Trevino-Morales, the brother of the cartel’s alleged leader, was indicted by a grand jury June 11.
“The ultimate goal of this money laundering operation was to provide Jose Trevino with apparent legitimate assets purchased and maintained by illegally obtained money,” Preece , a special agent with the FBI, said in a statement.
Court filings show that Los Zetas drug cartel is one of the largest in Mexico and funnels thousands of kilograms of cocaine into the U.S. each year, according to Bloomberg.
