Promote Your Attorney Profile on Law.net - Get Found / Earn More!
Facebook, Mark Zuckerberg Sue Prestigious Law Firm for Fraud
Facebook, Mark Zuckerberg Sue Prestigious Law Firm for Fraud
IBM to Pay Globalfoundries 1.5 Billion Dollars for Chip
IBM to Pay Globalfoundries 1.5 Billion Dollars for Chip
Bank of America Profits Plummet in Third Quarter
Bank of America Profits Plummet in Third Quarter
Jimmy John’s Employees Outraged over Non-Competition Clause
Jimmy John’s Employees Outraged over Non-Competition Clause
Legal Job Listings

FBI Uncovers Mexican Drug Cartel’s Laundering Through Bank of America

A Mexican drug cartel has been laundering money through Bank of America. The bank, the second largest in the States, is being investigated by the FBI due to the apparent abuse of the gang Los Zetas, who passed over a million dollars though it each month, fronted by the U.S. company Tremor Enterprises, LLC, a horse business run by Trevino Morales, a U.S. citizen who has two brothers in the gang.

The U.S. government characterizes Los Zetas as “the most technologically advanced, sophisticated and dangerous cartel operating in Mexico,” known to traffic cocaine and to be notoriously violent.

Jose Trevino, for his part, has pled not guilty to the charges of money laundering. He allegedly used funds from Los Zetas to purchase quarter horses in his business, sprinters used in races. One of these horses even won the $1 million first-place prize at the All America Futurity race at Ruidoso Downs.

Meanwhile, the Bank of America is not being charged for misconduct. Larry Di Rita, a Bank of America Spokesman, has said that “We have strong anti-money-laundering procedures and work closely with the authorities when suspicious activity is discovered,” and of course they have fully cooperated with the FBI during investigations on this matter.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




FBI Uncovers Mexican Drug Cartel's Laundering Through Bank of America by

Tagged: , , , ,

Daniel June Posted by on July 10, 2012. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Attorney
USA-TX-Dallas

If you are in the process of building your client base, but challenged by the lack of support your firm is willing to provide, then you\'ll want to continue reading.   My client is a well...

Related Posts: