Feds: Texas developer laundered drug money
McALLEN, Texas (AP) - An Internal Revenue Service investigator says a Texas developer arrested in a drug trafficking sweep managed money laundering and coordinated cash shipments from Chicago, Atlanta and Houston to the Rio Grande Valley.
IRS Special Agent Luis Reyna testified Thursday before a federal magistrate in McAllen at a detention hearing for 56-year-old Marin Herrera.
Reyna says Herrera has ties to the Gulf cartel and ensured that drug proceeds from U.S. cities reached Mexico.
Herrera was arrested June 9 on conspiracy to possess with intent to distribute cocaine and marijuana and money laundering charges as part of Project Deliverance, targeting the transportation and distribution arms of Mexican drug trafficking rings.
The nearly two-year investigation resulted in more than 2,200 arrests.