Smashed windows marked one of many scenes where about 1,000 federal agents raided Los Angeles Fashion District businesses, seizing roughly $65 million in cash and arresting nine suspects in an alleged money laundering scheme involving Mexican drug cartels.
Raids were executed at 70 businesses, according to the Los Angeles Times. Federal authorities assert that drug organizations use garment district and other businesses to convert drug money into pesos through trade-based laundering. Continue reading “$65 Million, 9 Arrests in L.A. Fashion District Raid; Mexican Drug Cartels Suspected”