A Wells Fargo personal banker pleaded guilty to helping launder millions of dollars for drug traffickers like the Sinaloa cartel
|05/17/2019||Posted by BusinessMediaguide.Com under General World News||
- A Wells Fargo banker pleaded guilty to knowingly opening bank accounts for people working with the Sinaloa cartel.
- Luis Figueroa of Tijuana admitted he took part in the money laundering scheme that stretched across the US.
- Money laundering organizations recruited people who would open bank accounts for the cartel’s drug money, according to US investigators.
- The drug money would be deposited in amounts below the threshold for regulatory reporting into “funnel accounts.”
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A Wells Fargo personal banker pleaded guilty on Thursday to knowingly opening bank accounts for people working with the Sinaloa cartel.
Thirty-year-old Luis Figueroa read more >>>