2 Canadians charged in drug money scheme

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Immigration and Customs Enforcement said June Jie Zhang, 31, of Toronto, and John Philip Co, 41, of Richmond, British Columbia, were arrested Wednesday night in Southern California. Both men are charged with conspiracy to distribute cocaine.

Authorities said Zhang and Co worked for a Canadian drug ring that sold marijuana and ecstasy in the United States and sought to launder the money by buying cocaine and smuggling it back to Canada.

Federal agents posed as brokers for Mexican cocaine traffickers to collect $750,000 in two separate payments for 37 kilos of cocaine, authorities said, adding that the men may have laundered more than $15 million in drug proceeds in the last year.

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