Related Federal Cases
Edgardo Serrano, 51, Charged with Bringing Nearly $2 Million to Rio Grande Valley
In a brazen attempt to traffic cocaine into the United States, a 51-year-old Michigan man has been charged with money laundering and conspiracy to possess with intent to distribute cocaine, announced U.S. Attorney Ryan K. Patrick.
Edgardo Serrano, a resident of New Boston, Michigan, is set to appear in federal court today, where he will face charges stemming from a federal investigation.
According to the complaint filed on April 18, authorities had searched a mechanics shop in Hidalgo on April 17, which resulted in the discovery of $1.7 million hidden in a commercial tractor. The investigation revealed that Serrano had been driving the vehicle, according to the charges.
The complaint further alleges that Serrano was in the Rio Grande Valley to pick up a load of carrots, but it appeared to be a cover for what was actually a cocaine shipment destined for Florida.
The hidden cash was allegedly the proceeds of the illegal narcotics sales in Florida. If convicted, Serrano faces up to life in federal prison and a possible $10 million fine.
A joint investigation by Immigration and Customs Enforcement’s Homeland Security Investigation and the Drug Enforcement Administration uncovered the illicit scheme. Assistant U.S. Attorney Karen Betancourt is prosecuting the case.
A criminal complaint is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.
Key Facts
- State: Texas
- Category: Drug Trafficking
- Source: DOJ Press Release â†â€â€
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