TUCSON, Ariz. -- A southern Arizona border agent accused of structuring bank transactions to evade reporting requirements has pleaded guilty to conspiracy to commit money laundering.
Federal prosecutors said Raimundo Borjas entered into a plea agreement Friday.
Borjas faces up to two years in prison when he's sentenced Oct. 16 and will resign from the U.S. Customs and Border Protection.
Borjas had been with the agency since April 2003 and was assigned to the Tucson Sector.
He was suspended in March 2013 after making $61,600 in suspicious cash deposits at a credit union in Douglas.
All of the deposits were for less than $10,000 to avoid federal reporting requirements.
Investigators said Borjas later withdrew $32,400 and gave it to a drug trafficker and received $9,720 as payment, which he will forfeit.