LA toy company owners, employees, accused of laundering drug money

LOS ANGELES (KABC) -- Co-owners and three employees of a local toy company are accused of laundering millions in drug money from Mexico and Colombia.

All of them work for Woody Toys in the City of Industry. Federal officials say Woody Toys has converted about $6 million into pesos since the money laundering scheme began in 2005.

This isn't the first L.A.-area toy company that's been accused of laundering drug money. Back in 2010, several Angel Toy employees were charged in a similar scheme.

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