Feds raid fashion hub in money laundering probe

Staff Writer
Columbus CEO

LOS ANGELES (AP) — Federal agents raided dozens of businesses in the fashion district of Los Angeles early Wednesday as part of an investigation into suspected money laundering done for Mexican drug cartels.

Several arrests have been made, Immigration and Customs Enforcement said in a statement.

The agency declined to provide further details before a press conference with federal prosecutors that was set for later in the day.

Hundreds of federal and local law enforcement agents fanned out across downtown Los Angeles in the sweep targeting about 70 locations.