Mexican Money Laundering suspects arrested in Texas

This week, the U.S. Marshal’s Service arrested Teodocio Caro on a warrant out of the Northern District of Illinois, court documents obtained by Breitbart News revealed. Caro went before U.S. Magistrate Judge Juan F. Alanis, who notified him of the pending charges against him in Chicago and oversaw the proceeding to have him sent to Illinois where he is wanted on multiple money laundering charges. Court documents do not reveal why Caro was in South Texas, nor the exact city where the U.S. Marshal’s arrested him, but the man had been on the run for more than four years.

Teodocio and Thirty other defendants face federal money laundering charges for their roles in a conspiracy that allegedly laundered more than $100 million in drug proceeds for the Mexico-based Sinaloa Cartel by purchasing gold, reselling it to companies in Florida and California, then transmitting the money from the United States to Mexico.  The federal charges, contained in a criminal complaint, stem from a multi-year investigation of money laundering and drug trafficking led by U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI); the Internal Revenue Service’s Criminal Investigation Division; and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), together with other federal, state, and local law enforcement agencies.

Prior to this week’s arrests, in the course of the three-and-a-half-year investigation, agents seized more than $2.8 million in U.S. currency, 28 firearms, 42 kilograms of cocaine (92 pounds), and over two tons of marijuana, as well as large amounts of heroin and methamphetamine. Thirty-one of the defendants were charged with conspiring to launder narcotics proceeds for the Sinaloa Cartel in a 311-page criminal complaint that was filed Monday in U.S. District Court and unsealed following the arrests Tuesday morning.

“The drug trade is driven by money earned at the expense of countless devastated lives and ravaged communities,” said U.S. Attorney Zachary T. Fardon. “These charges reflect the tireless work of federal, state and local authorities to stop not only those individuals who make that destructive business possible, but profitable.”

The complaint alleges that Pineda-Sanchez, Parra-Pedroza, and 29 associates laundered more than $100 million in drug proceeds since 2011 for the Sinaloa Cartel. The defendants’ money laundering activities on behalf of the Sinaloa Cartel spanned throughout the Unites States, including; Illinois, Wisconsin, Indiana, Ohio, Kentucky, Georgia, California, Texas and North Carolina. Pineda-Sanchez and Parra-Pedroza are high-ranking Mexico-based money brokers who allegedly used a network of individuals in Chicago, Fort Lauderdale and Los Angeles to launder illicit drug proceeds through a gold-based scheme.