Seized quarter horse sold by feds for $US1.7 million
A quarter Equus caballus seized yesteryear U.S.A. Marshals inwards a probe into a multimillion-dollar money-laundering functioning for drugs cash has been sold for $US1.7 million.
Tempting Dash went nether the hammer inwards Oklahoma urban marrow on Fri – 1 of the final horses with 480 seized yesteryear federal regime inwards their probe into a quarter Equus caballus preparation as well as racing functioning alleged to accept been laundering Los Zetas drug cartel money.
Tempting Dash, a six-year-old stallion, was the winner of the 2009 Dash for Cash Futurity inwards Grand Prairie.
Jose Trevino Morales, who is the blood brother of ii men regime allege Pb the notorious Mexican cartel, has been jailed for twenty years for his part. Several co-conspirators accept likewise been jailed for their role inwards the conspiracy.
The sale of Tempting Dash adds to the $US9 1000000 federal regime accept already raised through the sale of the seized horses.
Evidence presented during the lawsuit of Morales as well as others showed that mass cash generated from the sale of illegal narcotics was used for purchasing, training, breeding as well as racing quarter horses inwards the US.
Testimony likewise revealed a musical rhythm game yesteryear the defendants involving straw purchasers as well as transactions worth millions of dollars inwards New Mexico, Oklahoma, California as well as Texas to disguise the beginning of drug coin as well as brand the proceeds from the sale of quarter horses or their race winnings seem legitimate.
The defendants likewise implemented a system to construction cash deposits inwards amounts nether $US10,000 inwards lodge to circumvent mandatory banking corporation reporting requirements.
Proceeds from the sale of the horses are beingness held inwards escrow pending the resolution of a forfeiture action.
The Government likewise seeks the forfeiture of existent estate inwards Lexington, Oklahoma; farm as well as ranch equipment located at that site; as well as funds contained inwards multiple banking corporation accounts allegedly used inwards the defendants’ scheme.
The Government likewise seeks a monetary judgment for $US60 million, representing holding involved inwards as well as derived from the conspiracy.
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