Feds: Horses used in Los Zetas money laundering sold for $8.8M - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

Feds: Horses used in Los Zetas money laundering sold for $8.8M

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Over 300 quarter horses seized by federal authorities in June as a part of an alleged Los Zetas money laundering operation have been sold for approximately $8.8 million, according to the Department of Justice.

Many of the horses were sold over the weekend at Heritage Place Auction Facility in Oklahoma, including  A Dash of Sweet Heat which sold for $1 million. Approximately 100 broodmares were sold prior to the auction.

The federal government still has 45 quarter horses in possession, which are set to be sold at a later date.

A United States Attorney says while the defendants in the case will face criminal trial in the spring, the proceeds from the sale of the horses will be held in escrow a forfeiture action.

Court documents allege that the horses were brought by and for members of the Los Zetas drug cartel with proceeds from drug trafficking.

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