Los Angeles Fashion District Money Laundering Scheme Busted 9 Arrests in Fashion Hub Money Laundering Probe
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 ) Federal authorities arrested nine people and seized more than $65 million Wednesday in a crackdown on suspected drug money laundering by Mexican cartels in the fashion district of Los Angeles.
About 1,000 law enforcement officers fanned out across the city's downtown to search dozens of businesses suspected of taking bulk cash for clothing exported to Mexico as a way to launder money obtained from the sale of cocaine, methamphetamine and other drugs in the United States.