Local Man Sentenced for Drug Trafficking, Money Laundering - KiiiTV.com South Texas, Corpus Christi, Coastal Bend

Local Man Sentenced for Drug Trafficking, Money Laundering

Posted: Updated:
CORPUS CHRISTI (Kiii News) -

United States Attorney Kenneth Magidson announced Thursday that a local man, Jose Angel Yanez III, 30, has been sentenced to 11 years in federal prison.

Yanez pled guilty on March 23, to charges of conspiring to distribute cocaine in the Corpus Christi area and laundering the proceeds by purchasing and renovating homes to resell them.

At Thursday's hearing, U.S. District Judge Nelva Gonzalez Ramos gave Yanez a total sentence of 135 months in prison, followed by a five-year term of supervised release. Part of the plea agreement for Yanez was to forfeit interest in four of his residential properties, along with more than $250,000 and three vehicles.

A San Antonio man, Valdemar Enriquez, 20, was also charged in the case after pleading guilty to possession with intent to distribute cocaine on March 1. His sentencing hearing is set for Friday.
 
Investigators determined that Yanez has been a cocaine distributor since June 1, 2008. Proceeds from drug sales made it possible for Yanez to begin purchasing properties in the Corpus Christi area around that same time. He purchased, renovated and sold 10 houses over the course of two years.

Yanez will remain in federal custody, where he has been since his guilty plea, until being transferred to a U.S. Bureau of Prisons facility that will be designated in the near future to serve out his sentence.

  • Son Of Ben Mostafa Speaks

    Son Of Ben Mostafa Speaks

    Friday, April 25 2014 12:05 AM EDT2014-04-25 04:05:22 GMT
    Nearly a week and a half after his father was fatally shot in a robbery attempt, the son of Ben Mostafa speaks out abut his father's legacy and the difficulty of moving on.More >>
    Nearly a week and a half after his father was fatally shot in a robbery attempt, the son of Ben Mostafa speaks out abut his father's legacy and the difficulty of moving on.More >>
  • Special Report: The Buc Starts Here

    Special Report: The Buc Starts Here

    Friday, April 25 2014 12:01 AM EDT2014-04-25 04:01:33 GMT
    Considered one of the best festivals in all of Texas, it started out as just an old fashioned seaside celebration to signify the beginning of the summer season. It's grown over the years into an 11-day major tourist event.Take a look back at why over a quarter of a million people each year celebrate our pirate beginnings in a 3News Special Report: The Buc Starts Here.More >>
    Considered one of the best festivals in all of Texas, it started out as just an old fashioned seaside celebration to signify the beginning of the summer season. It's grown over the years into an 11-day major tourist event.Take a look back at why over a quarter of a million people each year celebrate our pirate beginnings in a 3News Special Report: The Buc Starts Here.More >>
  • Buccaneer Days Carnival Opens its Gates

    Buccaneer Days Carnival Opens its Gates

    Buc Days is back, and the carnival gates are set to be opened up for everyone. Kiii Chief Meteorologist Bill Vessey went Live from the carnival Thursday where the fun is about to begin.More >>
    Buc Days is back, and the carnival gates are set to be opened up for everyone. Kiii Chief Meteorologist Bill Vessey went Live from the carnival Thursday where the fun is about to begin.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KIII. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.