Former Mexican official charged with money laundering

Former Mexican official charged with money laundering
MGN-Online
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Thursday, February 13, 2014 - 10:54pm

A federal grand jury indictment unsealed this morning in San Antonio charges Hector Javier Villarreal Hernandez, the former Secretary of Finance for the Mexican State of Coahuila, Mexico, for his alleged role in a money laundering conspiracy.

The indictment alleges that since January 2008, Villarreal and others conducted financial transactions involving the proceeds of unlawful activity.

According to the indictment, the proceeds in question involve the importation, sale and distribution of controlled substances; bribery of a public official; embezzlement of public
funds; and, wire fraud. The indictment further alleges that as part of the scheme, the defendant transferred funds in and out of the United States in order to conceal and disguise the nature, source and ownership of the criminally derived proceeds.

Upon conviction, the defendant faces up to 20 years in federal prison. Villarreal surrendered to federal authorities in El Paso yesterday. He remains in federal custody following his Initial Appearance this afternoon in San Antonio before United States Magistrate Judge Henry Bemporad.

No further court dates are scheduled at this time.

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