Federal prosecutors who charged a Brownsville, Texas-based real estate agent with helping a drug cartel launder money by purchasing real estate have accepted a guilty plea on a lesser charge — making a false statement to an IRS agent — as part of a plea deal, the Brownsville Herald reports.

Realtor Freddy Rodriguez-Centeno, a “million dollar producer” for ERA Sunrise Realty in 2010, was indicted in July. He’s now free on $75,000 and scheduled to be sentenced in November.

Brownsville is just across the border from Matamoros, Mexico, and lies in one of five major drug smuggling corridors in Texas, according to a report released this year by the Texas Department of Safety. The report said more than 8.8 million pounds of drugs moving north and $178.6 million in cash moving south has been seized along the Texas border in the last seven years.

The U.S. Attorney’s Office for the Southern District of Texas said the case against Centeno stemmed from an ongoing operation targeting the Armando Arambul organization that operated as the Gulf Cartel in Matamoros and South Texas. Source: Brownsville Herald via themonitor.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription