TAMPA, Fla, - Seven men were charged by a federal grand jury Wednesday with laundering more than $1.4 million in drug profits through wire transfers and bank accounts in Mexico, Austria, the Bahamas, and Florida.

The three Mexicans and four Americans were indicted for conspiracy and laundering money through a series of trust accounts between July 1991 and June 1992, according to the U.S. attorney's office in Tampa.

Federal undercover agents posed in a sting operation as U.S. representatives of a Colombian cocaine organization, prosecutors said.

The agents gave the seven men more than $1.4 million to be laundered, claiming it was proceeds from the sale of cocaine in the United States.

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