Operator of Minnesota-Based Money Transmitter Charged With Laundering Drug Proceeds for Mexican Cartel Following Homeland Security Task Force Investigation
A federal grand jury in the District of Minnesota returned an indictment on Aug. 20, charging Christopher A. Bravo Marin (Bravo), 46, of Minneapolis, Minnesota, a Mexican national, with conspiring to launder at least $750,000 in drug proceeds on behalf of the Cártel de Jalisco Nueva Generación (CJNG), one of the most prolific and dangerous drug cartels in Mexico.
What happened
A federal grand jury in the District of Minnesota returned an indictment on Aug. 20, charging Christopher A. Bravo Marin (Bravo), 46, of Minneapolis, Minnesota, a Mexican national, with conspiring to launder at least $750,000 in drug proceeds on behalf of the Cártel de Jalisco Nueva Generación (CJNG), one of the most prolific and dangerous drug cartels in Mexico.
Why it matters
The development may change operating conditions or market expectations around Regulation. Further confirmation and measurable outcomes matter.
Affected entities
View evidence
2 reports · 1 original report · 1 independent
- U.S. Department of JusticePrimary source · Supports · EN · 100%Operator of Minnesota-Based Money Transmitter Charged With Laundering Drug Proceeds for Mexican Cartel Following Homeland Security Task Force Investigation ↗
- U.S. Department of JusticePrimary source · Supports · EN · 80%Operator of Minnesota-Based Money Transmitter Charged with Laundering Drug Proceeds for Mexican Cartel Following Homeland Security Task Force Investigation ↗
Claims
- Operator of Minnesota-Based Money Transmitter Charged With Laundering Drug Proceeds for Mexican Cartel Following Homeland Security Task Force Investigation Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
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