Currency Exchange Owner Gets 11 Years for Laundering $13 Million

A Tijuana man who owned and operated currency exchange facilities has been sentenced to more than 11 years in prison for laundering $13 million in narcotics proceeds for the Sinaloa Cartel, federal prosecutors in California said.

Cesar Hernandez-Martinez was ordered to spend 137 months in custody for using his Tijuana currency exchange houses to launder proceeds from the sales of cocaine, methamphetamine, and heroin smuggled by the cartel into the U.S. He was a manager of the money laundering organization, according to the office of the U.S. Attorney for the Southern District of California.

Hernandez-Martinez admitted to helping others smuggle ...