Laundered Money from her Husband’s Drug Trafficking
Operation
A woman who laundered hundreds of thousands of dollars of
drug money was sentenced today to three years in federal prison.
Janeth Pineda, age 36, from Chula Vista, California,
received the prison term after a July 12, 2018, guilty plea to conspiracy to
commit money laundering.
In a plea agreement, Pineda admitted that from the summer of
2013 through August 2014, she agreed with various people to launder drug
money. Pineda’s husband, Michael Pineda,
was the head of a drug trafficking organization responsible for bringing ice
methamphetamine to Iowa from California.
He instructed Pineda to open various bank accounts into which his Iowa
drug customers would deposit drug money they owed to Michael. In less than two years, Pineda laundered more
than $370,000 of drug money accounts she opened.
Pineda was sentenced in Cedar Rapids by Chief United States
District Court Judge Leonard T. Strand.
Pineda was sentenced to 36 months’ imprisonment. She must also serve a two-year term of
supervised release after the prison term.
There is no parole in the federal system. She is being held in the United States
Marshal’s custody until she can be transported to a federal prison. Michael Pineda has plead guilty to conspiracy
to distribute methamphetamine and money laundering and is pending sentencing.
The case was prosecuted by Assistant United States Attorney
Lisa C. Williams and was investigated as part of the Organized Crime Drug
Enforcement Task Force (OCDETF) program of the United States Department of
Justice through a cooperative effort of Federal Bureau of Investigation, Iowa
Division of Narcotics Enforcement, and the Tri-County Drug Enforcement Task
Force (Waterloo Police Department; Cedar Falls Police Department; Waverly Police
Department; Bremer County Sheriff’s Office; Black Hawk County Sheriff’s Office;
LaPorte City Police Department; Evansdale Police Department; Hudson Police
Department).
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