Ex-Coahuila official pleas to money laundering SAN ANTONIO EXPRESS mysanantonio/news/local/article/Ex-Coahuila-official-pleas-to-money-laundering-5762040.php The former treasurer of the troubled Mexican state of Coahuila pleaded guilty today in a San Antonio federal court to two counts of money laundering conspiracy and one count of conspiring to transport stolen money in foreign commerce. Hector Javier Villarreal Hernandez, who served as the border states treasurer from 2008 to 2011, had been accused of laundering money pilfered from Coahuilas coffers in San Antonio, the Rio Grande Valley and Bermuda. Prosecutors said he took out hundreds of millions of dollars in fraudulent loans on the states credit and took bribes in exchange for state contracts, then washed the money in South Texas. Federal and local authorities have filed lawsuits to forfeit tens of millions of dollars in real estate, $2.3 million in a Bermuda bank account and $6.5 million in Texas bank accounts. Last month, Villarreal settled a lawsuit with the Bexar County District Attorneys Office, agreeing to turn over the $6.5 million. Villarreal is one of several prominent Coahuilans facing charges in the U.S. His resignation in 2011 came after news broke that the state is nearly $3 billion in debt. That revelation also derailed the political career of former governor Humberto Moreira, who has not been charged with any crime.
Posted on: Wed, 17 Sep 2014 22:21:52 +0000
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