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L.A. Garment District Money Laundering Cartel Scheme Exposed

Approximately 1,000 law enforcement officials, including the DEA Los Angeles’s Field Division’s High Intensity Drug Trafficking Area (HIDTA) Southern California Drug Task Force, fanned out across the Fashion District in downtown Los Angeles and executed dozens of search and arrest warrants linked to businesses suspected of using a trade-based money laundering scheme known as the “Black Market Peso Exchange” to accept and conceal narcotics proceeds for international drug cartels. Authorities today arrested nine defendants and seized what is estimated to be at least $65 million in cash and from bank accounts around the world.

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Los-Angeles-Williams Division SAC


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