Thirty Two Defendants Facing Federal Or State Charges Alleging The Laundering Of Over $100 Million In Narcotics Proceeds Through Cash-For-Gold Scheme

CHICAGO —(ENEWSPF)–February 11, 2015.  Thirty-one defendants face federal money laundering charges for their roles in a conspiracy that allegedly laundered more than $100 million in drug proceeds for the Mexico-based Sinaloa Cartel by purchasing gold, reselling it to companies in Florida and California, then transmitting the money from the United States to Mexico.  One additional defendant faces state money laundering charges in DuPage County.  The federal charges, contained in a criminal complaint, stem from a…