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Colleyville Man Sentenced for Using Drug Money to Purchase Property
A 61-year-old man from Colleyville, Texas, has been sentenced to prison for federal violations in the Eastern District of Texas, announced U.S. Attorney John M. Bales today.
James Donald Cagle pleaded guilty on November 19, 2013, to conspiracy to engage in monetary transactions in property derived from the sale of cocaine and was sentenced to 57 months in federal prison today by U.S. District Judge Marcia A. Crone.
According to information presented in court, from May 19, 2008, through April 28, 2010, Cagle knowingly conspired with Jose Vasquez, Sr., a large-scale distributer of cocaine in Texas. Cagle financed and purchased real and personal property in Cagle’s name or in the names of Vasquez’ family members on behalf of Vasquez.
Cagle received payments for these properties from Vasquez in cash that had been transported from Richardson, Texas, to Cagle in Colleyville, Texas.
Vasquez was indicted by a federal grand jury in December 2010 and pleaded guilty to conspiracy to possess with intent to distribute cocaine in February 2013. He was sentenced to 147 months in federal prison by Judge Crone on November 19, 2014.
This case was investigated by the U.S. Drug Enforcement Administration and IRS Criminal Investigation and prosecuted by Assistant U.S. Attorney J. Andrew Williams. Cagle was also ordered to pay a fine of $10,000.
Cagle’s crimes have left a trail of destruction in the community, and his punishment is a reminder that those who engage in such activities will be held accountable.
The investigation and prosecution of this case are a testament to the dedication of law enforcement agencies and prosecutors to combating crime and keeping communities safe.
Key Facts
- State: Texas
- Category: Drug Trafficking|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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