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Mexican Cartel Money Laundering Operations In L.A.'s Fashion District Raided
Raids in the fashion district of Los Angeles led to the seizure of $90 million — $70 million of it in cash — on Mexican cartels' attempts to use international trade to launder money from U.S. drug sales.
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This photo provided by U.S. Immigration and Customs Enforcement shows a box of cash part of what was seized by Homeland Security Investigations in Los Angeles on Wednesday, Sept. 10, 2014. Federal authorities have arrested nine people and seized roughly $65 million in a crackdown on suspected drug money laundering in the fashion district of Los Angeles. (AP Photo/U.S. Immigration and Customs Enforcement )
(AP2014)

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Robert Dugdale, Assistant U.S. Attorney, Chief Criminal Division, explains the workings of the "black market peso exchange," scheme, also known as trade-based money laundering, as used by Mexico-based drug trafficking organizations to collect money from their United States drug sales, during a news conference in Los Angeles Wednesday, Sept. 10, 2014. Federal authorities arrested nine people and seized roughly $65 million U.S. dollars in a Wednesday crackdown on suspected drug money laundering in the fashion district of Los Angeles. (AP Photo/Damian Dovarganes)
(AP2014)

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Law enforcement agents stand guard outside a clothing store after a raid in the Los Angeles Fashion District Wednesday, Sept. 10, 2014. U.S. agents raided dozens of businesses in the fashion district of Los Angeles early Wednesday as part of an investigation into suspected money laundering done for Mexican drug cartels. (AP Photo/ Nick Ut )
(AP2014)

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Law enforcement agents stand outside a clothing store during a raid in the Los Angeles Fashion District Wednesday, Sept. 10, 2014. U.S. agents raided dozens of businesses in the fashion district of Los Angeles early Wednesday as part of an investigation into suspected money laundering done for Mexican drug cartels. (AP Photo/ Nick Ut )
(AP2014)

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Law enforcement agents stand outside a clothing store after a raid in the Los Angeles Fashion District Wednesday, Sept. 10, 2014. U.S. agents raided dozens of businesses in the fashion district of Los Angeles early Wednesday as part of an investigation into suspected money laundering done for Mexican drug cartels. (AP Photo/ Nick Ut )
(AP2014)

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This photo provided by U.S. Immigration and Customs Enforcement shows boxes of cash that was part of seizure by Homeland Security Investigations in Los Angeles on Wednesday, Sept. 10, 2014. Federal authorities have arrested nine people and seized roughly $65 million in a crackdown on suspected drug money laundering in the fashion district of Los Angeles. (AP Photo/U.S. Immigration and Customs Enforcement )
(AP2014)

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Law enforcement agents leave a clothing store after a raid in the Los Angeles Fashion District Wednesday, Sept. 10, 2014. U.S. agents raided dozens of businesses in the fashion district of Los Angeles early Wednesday as part of an investigation into suspected money laundering done for Mexican drug cartels. (AP Photo/ Nick Ut )
(AP2014)

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Law enforcement agents check a clothing store during a raid in the Los Angeles Fashion District Wednesday, Sept. 10, 2014. U.S. agents raided dozens of businesses in the fashion district of Los Angeles early Wednesday as part of an investigation into suspected money laundering done for Mexican drug cartels. (AP Photo/ Nick Ut )
(AP2014)

Mexican Cartel Money Laundering Operations In L.A.'s Fashion District Raided

Raids in the fashion district of Los Angeles led to the seizure of $90 million — $70 million of it in cash — on Mexican cartels' attempts to use international trade to launder money from U.S. drug sales.

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