toy com­pany ac­cused of money laun­der­ing

Austin American-Statesman - - SATURDAYBRIEFING -

LOS AN­GE­LES — Three ex­ec­u­tives at a stuffed toy man­u­fac­turer were ar­rested on sus­pi­cion of laun­der­ing mil­lions of dol­lars for Mex­i­can and Colom­bian drug traf­fick­ers, au­thor­i­ties said. Two co-own­ers of An­gel Toy Corp. — Me­ichun Cheng Huang, 57, and Ling Yu, 52 — were ar­rested, along with CEO Xiaoxin Ju, 48. “It’s no small irony that a mul­ti­mil­lion-dol­lar com­pany which pro­moted it­self as re­tailer of cud­dly stuffed an­i­mals was al­legedly act­ing as a fi­nan­cial linch­pin for drug traf­fick­ing op­er­a­tives,” said John Mor­ton, di­rec­tor for U.S. Im­mi­gra­tion and Cus­toms En­force­ment.

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