Marco Antonio Delgado, 46, was arrested Nov. 2 at an El Paso restaurant. He is charged with conspiracy to commit money laundering.
An El Paso-area attorney, Delgado is named in a federal indictment charging that between July 2007 through December 2008, in the Western District of Texas, he conspired with other individuals to launder money believed to be drug trafficking proceeds.
According to the investigation, Delgado is linked to a drug cartel based in
Dennis A. Ulrich, special agent in charge of HSI El Paso, said: "Drug cartels operate solely on the basis of greed. However, when they can also corrupt trusted authorities, the integrity and stability of both countries' financial infrastructure may be at risk."
Delgado had his initial appearance in federal court Nov. 5. His preliminary and detention hearing was set for Nov. 8. If convicted, Delgado faces a maximum sentence of 20 years in prison.
This HSI investigation was coordinated by HSI El Paso's financial group and the HSI-led Southwest Border Financial Operations and Currency United Strike Force (FOCUS).
FOCUS was created to detect and target a wide variety of financial crimes in west
Each participating agency uses its unique law enforcement authorities to enhance the capabilities of the strike force. FOCUS investigates the following financial crimes: money laundering, mortgage and bank fraud, structuring, unlicensed money transmitting businesses/couriers, and bulk cash smuggling.