A prominent Mexico City lawyer has admitted guilt to federal accusations concerning a significant money laundering operation tied to the Sinaloa Cartel, according to official announcements. The attorney played a crucial role in channeling over $52 million through shell corporations based in San Diego, eventually transferring these funds into Mexican accounts controlled by Hector Alejandro Paez Garcia. This operation was part of an extensive network dismantled by U.S. authorities, leading to multiple arrests and asset seizures.
According to court documents, employees of this organization traveled across numerous U.S. cities, collecting cash amounts reaching up to $200,000 per transaction, which were subsequently funneled through various shell companies. Hector Paez Garcia, described as a key manager within this illegal framework, oversaw operations that included converting drug proceeds into cryptocurrency post-seizure of their bank accounts by federal agencies. Law enforcement officials highlight that despite efforts to shift operations into digital currencies, FBI infiltration ultimately led to the takedown of this sophisticated laundering mechanism.
The investigation also revealed another principal figure still at large: Alberto David Benguait Jimenez. Officials from the U.S. Treasury Department have previously sanctioned him for his involvement in laundering activities on behalf of the cartel and other illicit actors. Authorities urge anyone with knowledge about Benguait's whereabouts to contact them immediately.
Beyond these developments, several individuals connected to the scheme face charges for aiding in laundering processes or acting as couriers. Hector Paez Garcia recently pleaded guilty in a San Diego federal courtroom and awaits sentencing scheduled for mid-August. If convicted, he could face up to two decades behind bars alongside hefty fines exceeding half a million dollars.
Law enforcement's success underscores ongoing commitment towards dismantling transnational criminal enterprises operating along the U.S.-Mexico border region. Their efforts continue focusing not only on apprehending fugitives like Benguait but also expanding investigations into broader networks involved in similar offenses.