Laredo, Texas Jury Convicts 6 Persons for Black Market Peso Exchange Laundering Scheme

On February 12, 2019, a federal jury in Laredo, Texas found four men and two women guilty for participating in a two-year multi-million dollar black market peso exchange (BMPE) money-laundering scheme. After a five-week jury trial each of the six persons were convicted of a money laundering conspiracy:  Adrian Arciniega-Hernandez, 36, of Nuevo Laredo, Mexico; Adriana Alejandra Galvan-Constantini, 36, and Luis Montes-Patino, 57, both of Irving, Texas, and Ravinder Redding Gudipati, 61; Harsh Jaggi, 54; and Neeru Jaggi, 51, all of Laredo, Texas.  Additionally, Harsh Jaggi and Adrian Arciniega-Hernandez were each convicted of two counts of money laundering.