An attorney from Mexico City pleaded guilty in federal court to conspiring to launder tens of millions of dollars in drug trafficking proceeds on behalf of the Sinaloa cartel, the U.S. Attorney’s Office for the Southern District of California said in a May 30 statement.
Prosecutors said the guilty plea by Hector Alejandro Paez Garcia, 43, is part of a long-term FBI investigation targeting a Mexico-based organization accused of laundering at least $52.7 million for the Sinaloa cartel.
The organization used a network of San Diego-based shell companies to launder bulk cash—in amounts up to $200,000—from cities across the United States before delivering it to money laundering accounts in Mexico, according to the U.S. Attorney’s Office….