If you or a loved one has been arrested or is under investigation for money laundering you need to speak with our Los Angeles money laundering defense lawyers David Elden & Victor Sherman today. David & Victor have been handling money laundering and other related crimes for over 35 years in federal and state courts. These are significant charges which bring significant consequences if you do not have the proper defense team representing your freedoms and rights. We highly suggest calling us right now at (888) 991-9353 and scheduling a FREE CONSULTATION with Attorneys David Elden & Victor Sherman.
David Elden & Victor Sherman are two of the toughest federal crime defense lawyers in the US. For the last 7 years he has been recognized by Super Lawyers as a top Criminal Defense Lawyer which rates him in the top 5% of all Criminal Defense Lawyers. Mr. Elden doesn’t only have the experience but he is very well educated on all the state laws and the federal laws. He has been before many judges and knows how to handle complex cases which can lead to serious jail time if the client doesn’t have a great lawyer by their side. Don’t trust your freedoms and your rights into the hands of a lawyer with little experience and little time trying cases and dealing with prosecutors. Make sure you speak with David Elden & Victor Sherman before you make any final decision. The Premier Federal Criminal Defenders prides itself on giving clear and sound advice and counsel. Call now at (888) 991-9353 and schedule your FREE CONSULTATION.
Early in September, hundreds of police officers and other law enforcement officers raided businesses in the Fashion District in Los Angeles. The warrants obtained for the raids cited Black Market Peso Exchange (BMPE) type schemes for money laundering. The raid targeted several businesses and resulted in the seizure of more than 65 million dollars. Officials had been conducting investigations for the past two years.
The Sinaloa Cartel was tied to at least one of the businesses that were raided. Sinaloa Cartel’s income in the Fashion District came from ransoming individuals that work along the United States-Mexico border.Being able to link the cartel to operations in the Fashion District proved useful. The cartel allegedly kidnapped a United States drug dealer, who was held and tortured just over the border in Sinaloa, Mexico. He was ransomed and his family agreed to pay the sum to the cartel.
When speaking about the raids, FBI’s Bill Lewis lauded the efforts of all of the enforcement officers involved, and hoped that this sent a message to cartels across the nation that the FBI would not sit around and allow such actions to continue.
BMPE schemes involve money acquired through drug sales, and peso brokers. The brokers are responsible for exchanging foreign currency earned off of drug sales for the local peso. They do this by offering the foreign currency they have on hand for a better exchange rate that is offered via other brokers.
Money received from laundering cases can come from a number of sources, including drug trafficking and ransom.
Authorities hope that these raids will be seen as a warning to other cartels operating in California, and the rest of the United States. The California Anti-Money Laundering Alliance (CAMLA) is a specialized task force that provides a network for officers in California to utilize as they search for money laundering offenders.
With raids like this happening in Los Angeles, it is good to be prepared in the event of a lawsuit. If you or someone you know has been charged with money laundering, or if you are worried you might be charged in the future, it is important to seek legal counsel. At Premier Federal Criminal Defenders, we are experienced with many forms of drug litigation, including drug trafficking and money laundering. Contact us today for a free consultation about money laundering lawyer in Los Angeles. Call 1-800-455-6200.