- Associated Press - Wednesday, September 17, 2014

SAN ANTONIO (AP) - The former treasurer of a Mexican border state has admitted conspiring to launder and smuggle money in foreign commerce.

Hector Javier Villarreal Hernandez (EHK’-tur hahv-YEHR’ vee-yah-ray-YAL’ ehr-NAN’-dehz) was treasurer of the state of Coahuila (koh-ah-WEE’-lah) from 2008 to 2011. He pleaded guilty to two money-laundering conspiracy counts and one of conspiring to transport stolen money in foreign commerce.

The San Antonio Express-News (https://bit.ly/1md2860) reports prosecutors have said he took hundreds of millions of dollars in bribes and fraudulent loans on the state’s credit, washed the money in South Texas and sank it into real estate in Texas and Bermuda banks. He already has agreed to forfeit $6.5 million to Bexar (bayr) County.

His resignation in 2011 came after news broke that Coahuila was nearly $3 billion in debt.

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Information from: San Antonio Express-News, https://www.mysanantonio.com

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