• BREAKING NEWS ABC shows live and on-demand -- Download the WATCH ABC app!

LA toy company laundered $9M for cartels

Two sisters who ran an L.A. toy company will go to prison for helping drug cartels launder nearly $9 million.

January 31, 2012 12:00:00 AM PST
Two sisters who ran a Los Angeles toy company will go to prison for helping Columbian and Mexican drug cartels launder nearly $9 million.

Meichun Cheng Huang of Irvine and Ling Yu were sentenced to three years each Tuesday. Both were also fined $20,000.

Their company, Angel Toy Corporation, was ordered to forfeit $1 million.

Attorneys for Huang and Yu maintained their clients weren't aware the cartels were funneling money through their company, which sells things like cuddly teddy bears and Topo Gigio mouse dolls.

The judge, however, was not convinced.

"They knew exactly what they were doing," he told the court Tuesday.

The City News Service contributed to this report.


Load Comments