Feds Say Horse Racing Used For Cartel Money Laundering
June 12, 2012

Federal authorities released an indictment Tuesday against 14 people they believe used horse racing to launder money for a powerful Mexican drug cartel.

On Tuesday morning federal agents raided a ranch in Oklahoma and horse stables in New Mexico where they arrested seven people named in the indictment. Seven other arrests are still pending, including suspects believed to be in Mexico.

Among those arrested is Jose Treviño Morales who with his brothers owns Tremor Enterprises, a quarter horse breeding company. The brothers are allegedly linked to Los Zetas, one of Mexico's most powerful drug cartels. According to the indictment the brothers used their business to launder millions of dollars in drug money.

The company did business in multiple states, including Texas and California. Last month the Zetas were blamed for dumping

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