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.



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Attorney with 3-5 years of products liability experience

USA-CA-San Francisco

San Francisco office of our client seeks litigation attorney with 3-5 years of experience. The ideal...

Apply Now

Senior Litigation Attorney with some experience

USA-CA-Orange

Irvine office of our client seeks senior litigation attorney. The candidate should preferably have c...

Apply Now

Trademark Attorney with 5+ years of prosecution experience

USA-CA-San Diego

San Diego office of our client seeks trademark attorney with 5+ years of prosecution experience. The...

Apply Now

Global Sourcing and Technology Attorney with 2-4 years of experience

USA-TX-Dallas

Dallas office of our client seeks global sourcing and technology attorney with 2-4 years of experien...

Apply Now

RELEVANT JOBS

Associate Attorney

USA-FL-Pensacola

Associate position in firm\'s Pensacola, Florida office to practice primarily in it\'s Professi...

Apply now

Front Office Legal Assistant

USA-CA-Beverly Hills

Essential Functions: *Answering/transferring phone calls in a friendly and professional manner...

Apply now

Immigration Paralegal

USA-FL-Daytona Beach

Experienced Immigration Paralegal Needed Immediately Fast pace, growing Law Office is seeking an ...

Apply now

Litigation Attorney

USA-MI-Detroit

The Allen Law Group, P.C., a management-side defense firm located in Detroit, is seeking an attorney...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top