- Associated Press - Wednesday, September 21, 2016

SHERMAN, Texas (AP) - Investigators say four men have been convicted in a $16 million drug money laundering scheme involving funds wired from North Texas to Mexico.

Federal jurors in Sherman convicted 29-year-old Miguel Rivas Estrada, 49-year-old Felipa Torres, 52-year-old Justa Centeno and 40-year-old Jose Angel Olvera of conspiracy to commit money laundering.

Jurors on Monday also convicted Rivas, who’s from Mexico, of conspiracy to distribute methamphetamine. Prosecutors say Rivas ran the drug ring using money services businesses linked to Torres, Centeno and Olvera, who are from Dallas.

Investigators say the companies since 2013 transmitted proceeds from the distribution of methamphetamines via wire transfers to Michoacan, Mexico.

Each man faces up to 20 years in a U.S. prison. Sentencing is pending.

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