Unethical Issue (Reflection Paper)

UNETHICAL ISSUE
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Institution Affiliation
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Date of Submission
Unethical Issue
Mexican Businessman Charged in Texas with Money Laundering
The article on the unethical behavior is on a top Mexican business man charged with money laundering in Texas. The Mexican business man from Ciudad Victoria appeared before the court for acting as a front for politicians and candidates for the office back in his home state of Tamaulipas. The business man named Fernando Alejandra Cano Martinez faced charges of conspiracy with the intention to launder money and also the charges of the conspiracy to commit a bank fraud. Cano was charged in Brownsville Texas, the use of an array of entities in Texas to launder money and portions of bribe that were paid by drug cartels to the elected officials and the political candidates in Tamaulipas. According to the indictment the bribes were paid in the exchange of little or no police interference in the activities carried out by the drug cartels in the state (Samuel, 2012), the bribes were paid to corrupt public officials since 1998and the total paid was unknown to the court.
The businessman Cano received and controlled the bribes that were to be paid to the elected officials in Tamaulipas and he established corporations in Texas that were used as fronts to hide the nature of what he was doing. Cano had acquired millions of dollars in assets in Texas that were mostly real estates and were seen to have been acquired in the shame using the laundering process. The prosecutor`s sought for forty million dollars in forfeiture from Cano.
Cano is a fugitive and an arrest warrant has been issued against him and if charged with the money laundering he would face 20 years in jail. According to the prosecution one of the top politicians in the cartel was Jesus Yerington ruvalcaba who was a former governor. He had run for the president position in Mexico and is believed to have received millions from the drug organizations in form of bribe, he is believed to have ran the bribery and extortion scheme. The filling in court stated that this politician together with Cano and others in the cartel had purchased a prope...