Legal News

FBI Uncovers Mexican Drug Cartel’s Laundering Through Bank of America
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

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.

  
What
Where


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.



 

RELEVANT JOBS

Litigation Attorney

USA-FL-Fort Lauderdale

Seeking a qualified Transactional Attorney with experience in litigation, covenant enforcement and c...

Apply now

Litigation & Coverage Attorney

USA-CA-West Covina

Growing insurance defense and coverage firm with an expanding client base seeks highly motivated att...

Apply now

Trust and Estate Planning Attorney | Lebanon, NH or Burlington, VT

USA-VT-Burlington

DRM is seeking an experienced estate planning attorney to join our busy Trusts and Estates Practice....

Apply now

Litigation Paralegal

USA-MN-Rochester

Sandberg Law Firm is seeking a litigation paralegal for a full-time position in Rochester, MN. This ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-PA-Pittsburgh

Pittsburgh office of a BCG Attorney Search Top Ranked Law Firm seeks associate attorney with 3+ year...

Apply Now

Junior Antitrust Associate Attorney

USA-DC-Washington

Washington, D.C. office of a BCG Attorney Search Top Ranked Law Firm seeks junior antitrust associat...

Apply Now

Civil Litigation (Insurance Defense) Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks civil litigation (insurance defense) associate attorney with ex...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top