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U.S. Drug Enforcement Administration's New Jersey Division

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Businessman Admits Laundering $653M In Drug Money Through Banks In NJ, NY, PA Businessman Admits Laundering $653M In Drug Money Through Banks In NJ, NY, PA
Businessman Admits Laundering $653M In Drug Money Through Banks In NJ, NY, PA A businessman admitted laundering what a federal prosecutor called a "staggering" $653 million in drug money by bribing employees in banks and other financial institutions in New Jersey, New York and Pennsylvania. Da Ying Sze, 43, of Queens said during a plea hearing in U.S. District Court in Newark on Tuesday, Feb. 22, that he deposited the cash into accounts in the names of shell companies and conspirators. Sze said he laundered the money from 2016 to 2021 by buying bank checks, writing personal and business checks and making international and domestic wires to thousands of individuals an…

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by Jerry DeMarco
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NJ Man Admits Laundering $1.94 Million For Drug Cartels NJ Man Admits Laundering $1.94 Million For Drug Cartels
NJ Man Admits Laundering $1.94 Million For Drug Cartels A Paterson man admitted in federal court on Friday that he laundered nearly $2 million for Central and South American drug cartels operating in New Jersey and New York, authorities said. Julio De La Cruz Acosta, 42, accepted the cash to buy 67 cashier’s checks at banks in and around New Jersey and elsewhere, U.S. Attorney Philip R. Sellinger said. He was one of a half-dozen residents from the area accused of laundering more than $27 million for the cartels, Sellinger said. Morristown police helped the DEA and IRS crack the case, in which the defendants and other conspirators converted cash…

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by Jerry DeMarco
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Feds: NJ Duo Admits Laundering $4 Million For International Drug Cartels Feds: NJ Duo Admits Laundering $4 Million For International Drug Cartels
Feds: NJ Duo Admits Laundering $4 Million For International Drug Cartels Two Passaic County men admitted in federal court that they laundered nearly $4 million in drug cash for international cartels operating in New Jersey and New York, authorities announced. Erickson Checo-Almonte, 31 of Passaic, and Jordano Abreu-Diaz, 24 of Clifton, were among six defendants charged in the operation. Morristown police helped the DEA and IRS crack the case, in which those involved converted cash from drug sales in the two states to more than 1,000 cashier’s checks, Acting U.S. Attorney for New Jersey Rachael Honig said. The checks were then sent to brokers “acting on behalf o…

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by Jerry DeMarco