Monday, November 21, 2011


A Texas-based bulk cash & narcotics smuggler who was carrying $462,000, concealed in his truck, has entered a guilty plea to conspiracy to launder drug profits. Aldo Montalvo, who pled in US District Court in Waco,* admitted that he was transporting the cash to a Texas border town, Eagle Pass, and was to return with a load of cocaine, will be sentenced on 18 January, 2012. The money was discovered during a traffic stop. Montalvo was previously convicted of transporting marijuana, which was seized. He was sentenced to probation for the marijuana.

The money seized is the subject of a forfeiture. Obviously, bulk cash smuggling into Mexico is still alive & well, notwithstanding new strict Mexican law regarding deposits of US Dollars into Mexican financial institutions. 

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