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Mexican National Pleads Guilty to Multimillion-Dollar Money Laundering Scheme
A Mexican national, Juan Lopez, 42, of Birmingham, AL, pleaded guilty yesterday to participating in a two-year, multimillion-dollar trade-based money laundering conspiracy that moved drug trafficking proceeds through Texas to Mexico.
According to the Department of Justice, the conspiracy, which lasted from 2022 to 2024, involved the exchange of black-market pesos for U.S. dollars, generating over $10 million in illicit proceeds.
Lopez’s guilty plea stems from his involvement in a scheme that laundered millions of dollars in drug proceeds through a complex network of shell companies and bank accounts.
As part of the plea agreement, Lopez admitted to participating in the conspiracy and agreed to forfeit $1.5 million in illicit proceeds.
The case was investigated by the Department of Homeland Security’s Homeland Security Investigations (HSI) and the U.S. Secret Service.
Lopez is scheduled to be sentenced on April 15, 2024, and faces up to 20 years in prison and a fine of up to $500,000.
Key Facts
- State: Alabama
- Agency: DOJ USAO
- Category: Drug Trafficking|Fraud & Financial Crimes|Violent Crime
- Source: Official Source â†â€â€ÂÂ
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