Federal agents seize $75 million in L.A. Fashion District raid

Federal agents seize $75 million in L.A. Fashion District raid

Law enforcement agents check a clothing store during a raid in the Los Angeles Fashion District on Wednesday.

 

When a Mexican drug cartel took a U.S. citizen hostage for a cocaine debt two years ago, it demanded his family deliver $140,000 in ransom to QT Maternity, a wholesaler selling pastel tank tops and ruched swimsuits in downtown Los Angeles. 

Federal agents on Wednesday raided that store and others in the bustling fashion district, seizing more than $75 million they declared “blood money.” 

Calling Los Angeles the “epicenter” of money laundering for Mexican cartels, Assistant U.S. Attorney Robert E. Dugdale said some fashion district merchants accept huge sums of cash stuffed in duffel bags, boxes and luggage carried into their stores, sometimes by strangers. 

Relatives of the man being held hostage took cash to QT Maternity, according to indictments unsealed Wednesday, charging that business and two others with money laundering. The payment secured his release from a ranch in Culiacán, Sinaloa, where over 62 days he was beaten, shot, electrocuted and waterboarded. 

On Wednesday, some 1,000 officers searched 19 stores, six large warehouses and numerous homes. 

Cartels seek to exchange for pesos the dollars collected from such ransoms and the sale of cocaine, methamphetamine and heroin in the United States, officials said. 

Under deals arranged by “peso brokers,” fashion district vendors in return for the cash send their goods to businesses in Mexico. There, the goods are sold for pesos that are eventually routed to drug traffickers. 

Agents found $10 million in a duffel bag at a Bel-Air mansion and $35 million in bankers boxes in a Los Angeles condo. 

“This is blood money. …When narcotics proceeds are laundered and funneled back to the street to drug cartels, it contributes to violence, pain and bloodshed,” said Claude Arnold, special agent in charge of U.S. Immigration and Custom Enforcement’s Homeland Security Investigations. 

Authorities arrested nine people, including QT Maternity owner Andrew Jong Hack Park, 56, of La Cañada-Flintridge and manager Sang Jun Park, 36, of La Crescenta. 

Two other indictments named Yili Underwear and Gayima Underwear and Pacific Eurotex, Corp. 

In two stings tied to Wednesday’s raid, undercover agents delivered bundles of cash to merchants, some of it wrapped in dryer sheets or cellophane. One accepted the money, even though some of the bills appeared to be spattered in blood, officials said. 

Not all fashion district merchants deal in large cash transactions, and some said they only accept credit cards and checks. 

“We worry when we receive a lot of money in cash,” said Joey Torres, who manages D’Enjoy next to QT Maternity, and whose business was not involved in the raids. “Ninety-percent will agree to the cash, but I don’t know how many will report it to the bank.” 

 

Source: LA Times

Posted Date:- September 11, 2014

Posted By:- Admin Author

Posted in:- Fashion


47 thoughts on “Federal agents seize $75 million in L.A. Fashion District raid

  1. Pingback: econs tuition

  2. Pingback: steroids-buy-anabolic.com

  3. Pingback: porno

  4. Pingback: buy-steroids

  5. Pingback: vinyl window repair

  6. Pingback: anabolics online shop

  7. Pingback: maquillage pas cher

  8. Pingback: electrician champigny sur marne

  9. Pingback: plombier depannage ivry sur seine

  10. Pingback: maquillage pas cher de marque

  11. Pingback: entreprise electricien epinay sur seine

  12. Pingback: clemsondeckbuilders.com/

  13. Pingback: yucel bir yavsak sex

  14. Pingback: Thiet ke bep cong nghiep

  15. Pingback: Noi luoc gio cha

  16. Pingback: VTU Notes

  17. Pingback: angara fahise

  18. Pingback: http://www.opulenceforlifebonus.com/reviews/

  19. Pingback: học bổng du học nhật

  20. Pingback: uk peptides eroids

  21. Pingback: taxi service

  22. Pingback: Facebook Live

  23. Pingback: Term Life Insurance

  24. Pingback: kalyan matka

  25. Pingback: handmade furniture

  26. Pingback: bromocriptine bodybuilding

  27. Pingback: common name for methane

  28. Pingback: tadalis sx soft

  29. Pingback: Kenneth Oshiro

  30. Pingback: Kimberly Gray

  31. Pingback: legal anabolic steroids for sale

  32. Pingback: Margaret Cunniffe is an Australian Fraudster based in Melbourne Victoria who abuses those closest to her to achieve her selfish objectives.

  33. Pingback: Joseph de Saram#Rhodium

  34. Pingback: Joseph de Saram#Rhodium

  35. Pingback: Trasporti

  36. Pingback: letrozol

  37. Pingback: av equipment rentals

  38. Pingback: web design services Melbourne

  39. Pingback: para para dinle

  40. Pingback: cryptodyne

  41. Pingback: margaret teresa cunniffe

  42. Pingback: Best Newspaper in India

  43. Pingback: joe de saram

  44. Pingback: joseph shihara rukshan de saram

  45. Pingback: sfeerhaard

  46. Pingback: computer reparatie Aalten

  47. Pingback: thyroxyl

Add Comment Register



Leave a Reply

You must be logged in to post a comment.

Calendar

<< May 2017 >>
SMTWTFS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

In The Community

Humor / Odd

Technology