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Why LA is the epicenter of laundering schemes by drug cartels




Homeland Security Investigations seized in excess of $65 million in cash Wednesday morning during a coordinated multi-agency bust of LA fashion industry companies accused of links to money laundering schemes associated with Mexican drug cartels.
Homeland Security Investigations seized in excess of $65 million in cash Wednesday morning during a coordinated multi-agency bust of LA fashion industry companies accused of links to money laundering schemes associated with Mexican drug cartels.
U.S. Immigration and Customs Enforcement

At least $90 million -- $70 million of it in cash -- was seized Wednesday in a sting to shut down an LA-based laundering scheme centered in downtown's fashion district.

Related: What $70M in cash looks like: Feds raid alleged drug cartel money launderers

Nine people were also arrested by authorities, who say Los Angeles has become the epicenter of narco-dollar money laundering like this. 

They say a network of local businesses were being used to launder drug money for Mexican cartels.

Assistant U.S. Attorney Robert Dugdale explains why these kinds of operations are on the rise in Southern California.