EL PASO, Texas (AP) — A man accused of acting as a straw purchaser of racehorses in a multimillion-dollar money laundering scheme for a Mexican drug cartel will remain behind bars.
Francisco Antonio Colorado Cessa remains jailed after U.S. Magistrate George Hank denied him bond after a detention hearing Thursday in Houston.
Colorado Cessa was arrested last week after federal agents raided the New Mexico and Oklahoma properties of Jose Trevino, brother of reputed Zetas' drug cartel leaders Miguel Angel and Oscar Omar Trevino.
An indictment filed in Austin says Colorado Cessa laundered millions of dollars of the Zetas' proceeds by buying racehorses and transferring ownership to Trevino and associates.
Of 14 indicted, eight are in custody, one has been granted bail and five remain at large.
Copyright 2012 The Associated Press.