E Point Perfect – Interesting and beneficial content

Siblings from Chula Vista, Tijuana, Accused in $42 M Scheme to Launder Drug Money


Edward J. Schwartz building
Edward J. Schwartz federal office building in downtown San Diego. Photo via casd.uscourts.gov

Federal authorities on Thursday announced the indictment of a local brother and sister for allegedly laundering more than $42 million in proceeds from drug trafficking.

Jesus Vazquez Padilla, 50, of Tijuana, and Monica Vazquez, 48, of Chula Vista, are accused of using at least 22 California-based shell corporations and around 85 U.S. bank accounts to transfer drug money to Mexican bank accounts.

According to the indictment, the pair worked as corporate officers for San Diego-based OSVA Incorporated and Jeva International, Inc. In those roles, they allegedly deposited large amounts of cash into corporate bank accounts in 201.

They allegedly laundered $42.3 million with around 95% of that transferred to Mexico. The siblings allegedly kept the remainder as payment for their services.

The U.S. Attorney’s Office said agents from the Internal Revenue Service led the investigation into the siblings. They looked into “hundreds of financial transactions” that allegedly occurred between 2015 and 2019.

– City News Service


Source link

Related posts

San Diego Flights Delayed and Canceled After Nationwide FAA Computer Outage

Vehicle Crashes into Las Americas Shopping Center Dollar Tree Prompting Evacuation

Dozens Held in Crackdown on San Diego Crime Syndicate with White Supremist Ties

Weekend Thunderstorms Forecast for Mountains, Deserts

Reminder: Youth 18 and Under Can Ride Public Transit for Free During School Year with Pronto

Comic-Con Museum Celebrates 1 Year Anniversary as Year-Round Popular Arts Headquarters