Law Enforcement Raids Los Angeles Fashion District to Stop Laundering by Mexican Cartels

On September 10, approximately 1,000 federal law enforcement agents carried out a series of raids in 70 locations in the downtown Los Angeles fashion district to execute dozens of search warrants and arrest warrants linked to businesses suspected of using “Black Market Peso Exchange” schemes to launder narcotics proceeds for international drug cartels.  They seized an estimated $65 million in cash and other assets in cash and from bank accounts around the world in relation to asset forfeiture actions filed as part of the ongoing investigations.