Border agent pleads guilty to money laundering

Border agent pleads guilty to money laundering

Credit: MGN Online

Border agent pleads guilty to money laundering

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by The Associated Press

azfamily.com

Posted on August 4, 2014 at 3:20 PM

Updated Wednesday, Aug 6 at 12:01 PM

TUCSON, Ariz. (AP) -- A southern Arizona border agent accused of structuring bank transactions to evade reporting requirements has pleaded guilty to conspiracy to commit money laundering.

Federal prosecutors say Raimundo Borjas entered into a plea agreement Friday.

They say Borjas faces up to two years in prison when he's sentenced Oct. 16 and will resign from the U.S. Customs and Border Protection.

Borjas had been with the agency since April 2003 and was assigned to the Tucson Sector.

He was suspended in March 2013 after making $61,600 in suspicious cash deposits at a credit union in Douglas.

All of the deposits were for less than $10,000 to avoid federal reporting requirements.

Investigators say Borjas later withdrew $32,400 and gave it to a drug trafficker and received $9,720 as payment, which he will forfeit.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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