Teaneck Police Find $30K During Traffic Stop, Charge Man With Money Laundering

Kenneth M. Valenzuela




TEANECK, NJ — Police arrested and charged a man with money laundering after finding more than $30,000 bundled in his car, authorities said.

A detective stopped the 2016 Honda Odyssey Kenneth M. Valenzuela, of Totowa, was driving on Route 95 South Friday, said Chief Glenn O’Reilly.

Valenzuela was behaving suspiciously and was “evasive” when police questioned him, O’Reilly said. Police learned he had a warrant out for his arrest and his vehicle was impounded.

Detectives obtained a search warrant and found nearly $30,500, which was bundled in a “manner consistent with drug sales,” O’Reilly. Police also found two “kilo presses” commonly used to package substantial quantities of narcotics.”

Valenzuela was charged with money laundering and drug paraphernalia. He was released on a summons and due to appear in Bergen County Judicial Processing Court Sept 13.