Real Estate Agent Charged with Helping Drug Dealer Launder Money Through Property Purchases

Allison Tussey —  August 6, 2013 — 2 Comments

Freddy Centeno, Brownsville, Texas, has been arrested following the return of two-count indictment alleging money laundering for a convicted drug trafficker and making false statements to federal agents.

Centeno was taken into custody just a short time ago and he is expected to make his initial appearance before U.S. Magistrate Judge Ronald Morgan.

The sealed indictment was returned July 23, 2013, and unsealed upon Centeno’s arrest. The indictment alleges that Centeno, a licensed real estate agent, helped a narcotics trafficker launder drug profits through the purchase of real properties in Brownsville, Texas.

If convicted, Centeno faces up to 20 years in prison and up to a $500,000 fine.

The arrest comes as a result of the ongoing Organized Crime Drug Enforcement Task Force investigation dubbed Operation Spike Strip. The narcotics trafficking and money laundering investigation targeted the Armando Arambul drug trafficking organization, which operated under the auspices of the Gulf Cartel in Matamoros, Mexico and throughout the Southern District of Texas.

Arambul and others were responsible for transporting multi-ton quantities of cocaine to Houston and other major U.S. cities and remitted millions of dollars to the Gulf Cartel. Arambul was convicted and is set for sentencing October 21, 2013, at which time he faces up to life in prison.

United States Attorney Kenneth Magidson announced the charges.

The investigation was conducted by the Drug Enforcement Administration, Internal Revenue Service-Criminal Investigation, Homeland Security Investigations, FBI, Customs and Border Protection, Border Patrol, Cameron County District Attorney’s Office-Narcotics Investigation Division, and the U.S. Marshals Service. Assistant United States Attorneys Jesse Salazar is prosecuting the case.

Allison Tussey

Posts Google+

2 responses to Real Estate Agent Charged with Helping Drug Dealer Launder Money Through Property Purchases

  1. What charges do your real estate agent take from you? I want to know the fees of getting property help.

Leave a Reply

Text formatting is available via select HTML.

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>