Freddy Centeno, Brownsville, Texas, has been arrested following the return of two-count indictment alleging money laundering for a convicted drug trafficker and making false statements to federal agents. Centeno was taken into custody just a short time ago and he is expected to make his initial appearance before U.S. Magistrate Judge Ronald Morgan. The sealed indictment was returned July 23, 2013, and unsealed upon Centeno’s arrest. The indictment alleges that Centeno, a licensed real estate agent, helped a narcotics trafficker launder drug profits through the purchase of real properties in Brownsville, Texas. If convicted, Centeno faces up to 20 years in prison and up to a $500,000 fine.