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Mario Luis Torres, an accountant from the McAllen, Texas, area, has been caught in a web of deceit, pleading guilty to a charge of Conspiracy to commit Money Laundering in federal district court.
According to court documents, Torres faces up to twenty years in prison, a fine of up to $500,000, up to three years of supervised release, and a mandatory special assessment fee of $100.
The crime was uncovered through an investigation conducted under the Organized Crime Drug Enforcement Task Force (OCDETF) initiative, which brings together federal, state, and local law enforcement agencies to dismantle large national and international drug trafficking organizations.
Agencies participating in this case include the Drug Enforcement Administration and the Internal Revenue Service, Criminal Investigations, working together to crack down on financial crimes.
The case is being prosecuted by Assistant United States Attorney Monica A. Stump, who continues to fight against financial corruption.
Torres’ sentencing has been set for April 19, 2016, at 1:30 P.M. before the Honorable Nancy J. Rosenstengel, United States District Judge.
This case serves as a reminder that financial crimes will not be tolerated and that those who think they can get away with it will be held accountable.
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Key Facts
- State: Illinois
- Category: Drug Trafficking|Fraud & Financial Crimes|Violent Crime|Crime
- Source: DOJ Press Release â†â€â€
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