federal jury in Laredo, Texas found four men and two women guilty for
their roles in a two-year multi-million dollar black market peso
exchange money-laundering scheme, the Justice Department announced.
Assistant Attorney General Brian A. Benczkowski of the Justice
Department’s Criminal Division, U.S. Attorney Ryan Patrick of the
Southern District of Texas, Special Agent in Charge Will R. Glaspy of
the U.S. Drug Enforcement Administration (DEA) and Special Agent in
Charge D. Richard Goss of the IRS Criminal Investigation (IRS-CI) made
Adrian Arciniega-Hernandez, 36, of Nuevo Laredo, Mexico; Adriana
Alejandra Galvan-Constantini, 36, and Luis Montes-Patino, 57, both of
Irving, Texas, and Ravinder Reddy Gudipati, 61; Harsh Jaggi, 54; and
Neeru Jaggi, 51, all of Laredo, Texas, were each convicted of a money
laundering conspiracy following a five-week jury trial. In addition,
Harsh Jaggi and Adrian Arcinieg-Hernandez were each convicted of two
counts of money laundering and Neeru Jaggi was convicted of one count of
money laundering. Gudipati was convicted of two counts of money
laundering, two counts of causing a trade or business to fail to file a
Form 8300, and one count of causing a trade or business to file a Form
8300 containing a material omission and misstatement of facts.
Arciniega-Hernandez was found not guilty of a third count of money
laundering. Sentencing before U.S. District Judge Marina Garcia
Marmalejo of the Southern District of Texas, Laredo Division, who
presided over the trial, has not yet been scheduled.
Arciniega-Hernandez, Galvan-Constantini, Montes-Patino, Gudipati,
Harsh Jaggi, and Neeru Jaggi were part of a complex money laundering
scheme whereby money derived from the sale of drugs in the United States
were laundered through businesses in Laredo, in order to return these
proceeds to Mexican drug dealers.
According to the evidence presented at trial, from 2011 through 2013,
Galvan-Constantini, Montes-Patino and other co-conspirators helped to
move millions of dollars derived from the sale of drugs throughout the
United States, including New York, Kentucky, North Carolina, Illinois,
Mississippi, and multiple cities in Texas to Laredo, Texas. The U.S.
currency was moved by couriers, including Galvan-Constantini and
Montes-Patino, via cars, commercial buses, commercial planes, and a
private plane in bulk cash amounts of up to hundreds of thousands of
dollars at a time. The money, in heat sealed packs, uneven
rubber-banded money stacks, or loose U.S. currency, arrived in plastic
bags, cloth bags, suitcases, backpacks, and even cereal boxes. The
money was then distributed among downtown Laredo, Texas perfume stores,
including El Reino International Inc., and NYSA Impex LLC. The owner of
NYSA Impex LLC, Gudipati, and the owners of El Reino International
Inc., Harsh Jaggi, and Neeru Jaggi, accepted loose bulk-cash, even after
being told it was “narco dinero.” The store owners also failed to file
Form 8300s which are required when more than $10,000 in cash is
received by a business, or filed Form 8300s which omitted pertinent
information such as the name of the courier who brought the bulk
Co-defendant Carlos Velasaquez, 55, of Laredo, pleaded guilty to
conspiracy to launder money on Nov. 7, 2018, and is pending sentencing.
This case was investigated by the DEA and IRS-CI. Trial Attorneys
Keith Liddle and Stephanie Williamson of the Criminal Division’s Money
Laundering and Asset Recovery Section (MLARS) and Assistant U.S.
Attorney José Angel Moreno of the Southern District of Texas are
prosecuting the case, with the support and assistance of MLARS Trial
Attorney Kerry Blackburn.