Juan Manuel Alvarez-Inzunza. Photo credit: home.treasury.gov

A man who allegedly laundered money for the notorious Sinaloa Cartel appeared in San Diego federal court Thursday for arraignment on conspiracy charges.

A federal jury indicted Juan Manuel Alvarez-Inzunza, 39, in 2015. He faces charges of conspiracy to launder monetary instruments and conspiracy to import and distribute cocaine and methamphetamine.

Authorities designated the defendant under the Foreign Narcotics Kingpin Designation Act for allegedly laundering money for top cartel leaders, including Joaquin “El Chapo” Guzman Loera, according to the U.S. Attorney’s Office.

Cardell T. Morant, Special Agent in Charge for the Homeland Security Investigations office in San Diego, said Alvarez-Inzunza “is responsible for moving millions of dollars in illicit drug proceeds from the United States into Mexico.”

Investigators arrested Alvarez-Inzunza in Mexico in 2016.

He remained in Mexican custody until he was extradited to the U.S. He arrived in San Diego on Wednesday, the U.S. Attorney’s Office said.

The Guardian reported that Alvarez-Inzunza – known as King Midas – allegedly laundered more than $4 billion over the course of a decade before his arrest in Oaxaca.

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