4 men arrested in $60M money laundering scheme

May 5, 2016 7:27 PM by News Staff

SANTA ANA, Calif. (AP) - Four men charged with running a scheme to launder $60 million in Mexican drug money have been arrested in Southern California.

The alleged ringleader, Gustavo Barba of Guadalajara, was arrested Tuesday night as he tried to enter the U.S. at a San Diego border checkpoint. He remains jailed.

Three men from Fullerton, Whittier and Los Angeles were arrested this week.

They were indicted last July by a federal grand jury in Orange County.

Prosecutors say Barba ran a company with offices in Los Angeles and Guadalajara that received Mexican drug money and used it to pay U.S. companies for goods ordered by Mexican businesses.

Authorities say those businesses repaid Barba in pesos, which were then turned over to drug dealers, bypassing the international banking system.

Copyright 2016 The Associated Press. All rights reserved.


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