The U.S. Treasury Department is imposing sanctions on the owner of a Mexican racetrack and car dealership for alleged involvement with the Sinaloa drug cartel.
The Treasury Department says it has designated Martin Guadencio Avendano and his two brothers as foreign drug traffickers under the Kingpin Act. That prohibits people in the U.S. from conducting businesses with them and freezes their U.S. assets.
The department said Thursday that 42-year-old Avendano launders money for the cartel's co-leader, Ismael Zambada. The other leader is Joaquin Guzman, known as "El Chapo." Both are fugitive.
Treasury says Avendano has a car dealership in Ensenada and a racetrack in Culiacan. There was no response to an email sent to the track.
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