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CALIFORNIA | LOCAL
July 2, 1998 | DAVID ROSENZWEIG, TIMES STAFF WRITER
One of the largest check-cashing services in the West, its top executives and several associates were accused Wednesday of laundering millions of dollars in cash given to them by undercover law enforcement officers who posed as drug traffickers. The federal indictment of Supermail International, a publicly traded corporation, and 10 individuals grew out of an investigation launched by the Los Angeles Police Department in 1992 to crack down on drug dealers in the San Fernando Valley.
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CALIFORNIA | LOCAL
July 2, 1998 | DAVID ROSENZWEIG, TIMES STAFF WRITER
One of the largest check-cashing services in the West, its top executives and several associates were accused Wednesday of laundering millions of dollars in cash given to them by undercover law enforcement officers who posed as drug traffickers. The federal indictment of Supermail International, a publicly traded corporation, and 10 individuals grew out of an investigation launched by the Los Angeles Police Department in 1992 to crack down on drug dealers in the San Fernando Valley.
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CALIFORNIA | LOCAL
October 3, 2000
Three former executives of a check cashing company were sentenced to prison Monday after pleading guilty to money laundering charges in Los Angeles federal court. Christine Annette Umbertino, 44, chief executive of Supermail International, and her brother, Alberto Joseph Umbertino, 40, company president, each received a 57-month sentence. Mercedes Veiga, 46, senior vice president, was sentenced to 46 months in prison.
CALIFORNIA | LOCAL
June 8, 1999
One of the largest check cashing services in the West and three of its top executives pleaded guilty Monday to federal charges that they laundered drug money, the U.S. attorney's office said. The guilty pleas before U.S. District Judge Ronald S.W. Lew in Los Angeles cap a joint FBI-Los Angeles Police investigation that began several years ago at a check cashing store in the San Fernando Valley.
CALIFORNIA | LOCAL
June 8, 1999 | SCOTT GLOVER
One of the largest check-cashing services in the West and three of its top executives pleaded guilty to federal money laundering charges Monday for their role in a scheme to launder drug profits, the U.S. attorney's office said. The guilty pleas before U.S. District Judge Ronald S.W. Lew in Los Angeles cap a joint FBI-Los Angeles Police Department investigation that began several years ago at a check-cashing store in the San Fernando Valley.
BUSINESS
February 9, 1995 | HOPE HAMASHIGE, SPECIAL TO THE TIMES
Socrates Galindo hadn't been in the habit of wiring money to Mexico. He preferred to simply buy gifts when he visited his family there. But the 32-year-old Galindo, who works at an antique store in Laguna Beach, has changed his custom of late. Because U.S. dollars go such a long way in Mexico these days, he has been taking advantage of it--wiring a few dollars for the birthday party of his younger brother, Alejandro, for example.
ENTERTAINMENT
July 2, 1998 | DAVID ROSENZWEIG, TIMES STAFF WRITER
One of the largest check-cashing services in the West, its top executives and several associates were accused Wednesday of laundering millions of dollars in cash given to them by undercover law enforcement officers who posed as drug traffickers. The federal indictment of Supermail International, a publicly traded corporation, and 10 individuals grew out of an investigation launched by the Los Angeles Police Department in 1992 to crack down on drug dealers in the San Fernando Valley.
BUSINESS
February 3, 1995 | HOPE HAMASHIGE, SPECIAL TO THE TIMES
Socrates Galindo doesn't like to wire money to Mexico. He prefers to take a check with him so that he can buy gifts and give them in person when he visits his family in Acapulco. But the 32-year-old Galindo, who works at an antique store in Laguna Beach, has changed his custom of late. His younger brother, Alejandro, is having a birthday soon, so Galindo sent a few dollars for the celebration. Because U.S.
BUSINESS
June 8, 1992 | JAMES BATES, TIMES STAFF WRITER
California's check-cashing firms are about to be put in check by the state for the first time in more than a decade. A bill that would cap the fees charged by some check-cashing businesses--reported in some low-income areas to be as high as 20% of a check's face amount--is likely to be approved soon in Sacramento, ending a period of virtual deregulation that began in 1981.
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