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