Three toy company employees based in Los Angeles are accused of laundering money, according to the Associated Press. Angel Toy Corp. co-owners Meichun Cheng Huang and Ling Yu, as well as CEO Xiaoxin Ju have been accused of using their toy manufacturing company to purchase toys from China with money given to them by drug trafficking groups. The toys were then sold in Colombia, said the AP, with the proceeds returning to the drug traffickers.
Angel Toy Corp. is accused of money laundering while the defendants are accused of “conspiracy to structure case transactions,” according to the AP’s access to federal indictment papers. The Colombian reseller, Jose Cuevas Otalora, is being extradited to the U.S. following his arrest by local authorities.
