In the peso exchange scheme, a broker arranges for a drug trafficker’s cash to be given to U.S. businesses to ship goods to foreign customers, according to the Pacific Eurotex Corp. sentencing report. When the foreign customers sell the goods, the pesos are turned over to the broker, who pays the drug trafficker in the local currency of the foreign country, the report said. According the sentencing report, Pacific Eurotex received $3.2 million — 40% of its income — that was deposited in an “illegal manner.”
Source: “Los Angeles” – Google News