Alleged cocaine leader indicted in fraud case

TAOS, N.M. (KRQE) – A grand jury has indicted the alleged leader of a cocaine ring in Taos on charges of tax evasion, tax fraud and money laundering, along with his family.

Ismael Adame, 56, and his wife, their daughter and 18 others are facing charges.

Adame is also the president of In and Out Plumbing.

Authorities say after investigating the company’s finances, it should have been operating at a substantial loss, but they did not report a loss on their tax returns.

The Adames and the other suspects were arrested by federal agents in May.

The DEA says they were responsible for trafficking cocaine into Taos County, then distributing it to dealers in Colorado, Oklahoma, Texas, and Utah.

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