Home News Local News Carlsbad man pleads to drug, money laundering charges

Carlsbad man pleads to drug, money laundering charges

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A Carlsbad man has pleaded guilty to marijuana trafficking and money laundering charges.

Joaquin Alaniz, 41, appeared in federal court in Albuquerque, N.M. His plea agreement recommends a prison sentence of 42 months followed by a period of supervised release to be determined by the court.

Alaniz is one of ten defendants charged as the result of a two-year investigation by the FBI and the Criminal Investigation unit of the Internal Revenue Service. The groups allege that Enrique Cavazos, 32, of Tijeras, N.M., was the head of a drug trafficking organization that distributed marijuana throughout the country. The organization is alleged to have laundered its drug proceeds through a number of businesses and bank accounts in New Mexico.

Alaniz, Cavazos and the eight others were indicted November 2015 for what are described as illegal activities occurring from 2008 to 2015.