The other defendants are Elias Ibanez, Gerardo Cadena, and Roberto Cuevas. These particular individuals submit guilty pleas for structuring the international monetary transactions. The corresponding monetary judgment for their actions is $250,000, per person.
An Illicit Clearing House
Most important, Juan Cerda and Alejandor Cerda are the owners and operators of Grupo MCA Importaciones LLC, the vehicle nationalization company. For the record, the Cerdas, Reyna and Jenkins do not possess licenses to operate such a business. Not only that, they engage in the business of transmitting bulk quantities of currency and other monetary instruments. The financial structure facilitates the flow of money from Grupo MCA and other vehicle nationalization businesses operating in the Laredo, Texas area. Within the scheme, they use specific Texas bank accounts where they transmit the cash for a fee. Over time, their bank accounts receive and transmit more than $24 million in U.S. currency, during a 16-month period.
