Midweek Roundup: U.S. Accuses Horse Buyers of Cartel Laundering, Swiss Official Says IRS Probe Nearly Settled, and More

The U.S Justice Department accused 14 individuals Tuesday of laundering money for one of Mexico's drug cartels through a trade-based scheme that involved buying and racing horses. Los Zetas leaders Miguel Angel Trevino Morales and Omar Trevino Morales helped to mastermind a plan to invest in quarter horses purchased with dirty bulk currency, wire transfers and structured deposits. The money passed through accounts held at Bank of America, Compass Bank, Wells Fargo and American Express Bank International. More That same day, the U.S. Treasury Department's Office of Foreign Assets Control blacklisted Mexican national Francisco Antonio Colorado for providing the Morales...