Oakland business owner sentenced for money laundering to cartels

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The owner of Rincon Musical, a money-transmitting business in Oakland, has been sentenced after being convicted of money laundering drug proceeds through his business.

Felipe de Jesus Ornelas Mora, 51, and his employees knowingly accepted large amounts of money from drug dealers, wiring it to Mexico and Honduras using other uninvolved customers' identities to disguise the actions and make the transactions look like routine remittances, according to federal authorities.These transactions took place at the International Boulevard business from no later than September 2020 to August 2022.

According to his plea agreement, Ornelas Mora admitted that large amounts of money he and his employees received from certain people was drug money, and the actions he and his workers took were done to avoid the mandatory reporting requirements."Money and greed are the foundation of the cartel business model and Ornelas Mora provided a lifeline by laundering drug proceeds," said DEA Special Agent in Charge Brian M. Clark.

 

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