Fernando Alejandro Cano Martinez, 55, of Ciudad Victoria, Tamaulipas, Mexico, is charged with conspiracy to launder monetary instruments since on or about Jan. 1, 1998. The indictment alleges Cano and others conspired to use an array of corporate entities they formed in Texas to launder portions of bribes paid by the Gulf Cartel to high level elected officials and candidates for such elected office in Tamaulipas. Millions of dollars of assets, primarily Texas real estate, were allegedly acquired in the scheme.
Cano is also accused of conspiracy to commit bank fraud. According to the indictment, Cano and others also engaged in a separate conspiracy in the acquisition of loans from financial institutions by submitting false financial information to the banks in order to obtain the loans.
…At the same time the indictment against Cano was returned today, civil actions were filed by United States Attorney’s Offices in the Southern and Western Districts of Texas. In Corpus Christi, Texas, a civil complaint was filed regarding real property allegedly owned by Tomas Jesus Yarrington Ruvalcaba. Yarrington was the former mayor of Matamoros, former governor of Tamaulipas and former presidential candidate for Mexico. In the complaint, it is alleged that Yarrington used illicit proceeds to purchase a condominium located in South Padre Island, Texas, using a third party to conduct the $450,000 transaction and hold title.
Detailed news link: here
Justice.gov press release link: here