Brownsville real estate agent arrested for money laundering


POSTED: Wednesday, July 31, 2013 - 3:16pm

UPDATED: Thursday, August 1, 2013 - 8:25am

Purchased real estate properties for drug trafficker.

A Brownsville real estate agent has been arrested following an indictment of money laundering for a drug trafficker.

Freddy Centeno, of Brownsville, was arrested and expected to make an appearance in federal court before U.S. Magistrate Judge Ronald Morgan.

On Tuesday, July 23rd, a sealed indictment was returned and unsealed when Centeno was arrested.

The indictment alleges Centeno, a licensed real estate agent, assisted a narcotic trafficker to launder money by purchasing properties in Brownsville.

Authorities were able to arrest Centeno as a result of an investigation dubbed Operation Spike Strip which targeted the Armando Arambul organization operating under the Gulf cartel in Matamoros, Mexico.

Investigators discovered that Arambul and others transported multi-ton quantities of cocaine to Houston and other major U.S. cities and profiting millions of dollars.

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