Police: money laundering investigation 'only just the beginning'

Police: money laundering investigation 'only just the beginning'
NEWSCENTER 23
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Friday, May 9, 2014 - 7:19pm

Mission police are investigating a money laundering scheme that could potentially reveal additional criminal activity.

Earlier this week, investigators arrested four men after discovering evidence including drugs and a high amount of cash inside their home located on East 29th Street.

"We were able to locate some marijuana, and they were able to locate a little over $11,000 cash," said Sgt. Manny Casas with the Mission Police Department.

Investigators also seized three vehicles--one of which was altered to conceal narcotics.

Police took a Chevrolet Avalance to be x-rayed by U.S. Customs and Border Protection agents at the Anzalduas port of entry.

"Sure enough, right on the bottom there was compartments, and those compartments were probably used, most likely, to hide the drugs or money," Casas explained.

All four suspects have bonds that are at least $100,000 for various charges.

Walter Angulo is from Los Angeles.  His charges don't include money laundering, only tampering with evidence and evading arrest.

Three of the four men are Mexican citizens and have ICE detainers.  Miguel Angel Hernandez, Luis Alberto Hernandez, and Guillermo Reynoso are all charged with money laundering after investigators discovered suspicious receipts showing money wired to various places in Mexico.

"We do know that they were told not to send big amounts, to send it small so it wouldn't attract attention," said Casas.  "So we do know that somebody in Mexico is the one sending this money."

Officials say this is only the tip of the iceberg for this investigation.  They're working to determine who was receiving that money being sent over to Mexico.

Investigators also believe additional arrests are likely in the near future.

 

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