Tarrant County Man Sentenced for Using Drug Money to Purchase Property
Department of Justice
Office of Public Affairs
SHERMAN, Texas – A 61-year-old Colleyville, Texas man has been sentenced to prison for federal violations in the Eastern District of Texas, announced U.S. Attorney John M. Bales today.
James Donald Cagle pleaded guilty on Nov. 19, 2013 to conspiracy to engage in monetary transactions in property derived from the sale of cocaine and was sentenced to 57 months in federal prison today by U.S. District Judge Marcia A. Crone. Cagle was also ordered to pay a fine of $10,000.
According to information presented in court, from May 19, 2008, through April 28, 2010, Cagle knowingly conspired with Jose Vasquez, Sr., a large-scale distributer of cocaine in Texas. Knowing that Vasquez was involved in some form of illegal activity, Cagle financed and purchased real and personal property in Cagle's name or in the names of Vasquez' family members on behalf of Vasquez. Cagle received payments for these properties from Vasquez in cash that had been transported from Richardson, Texas to Cagle in Colleyville, Texas.
Vasquez was indicted by a federal grand jury in Dec. 2010 and pleaded guilty to conspiracy to possess with intent to distribute cocaine in Feb. 2013. He was sentenced to 147 months in federal prison by Judge Crone on Nov. 19, 2014.This case was investigated by the U.S. Drug Enforcement Administration and IRS Criminal Investigation and prosecuted by Assistant U.S. Attorney J. Andrew Williams.