LOS ANGELES (AP) — A Mexican businessman has pleaded guilty to conspiring with the owners of a Southern California toy wholesaler to launder money for international drug cartels.

Luis Ernesto Flores Rivera entered his plea Wednesday to a conspiracy charge in Los Angeles. He faces up to 20 years in prison when he's scheduled to be sentenced Oct. 15.

Flores was one of eight indicted, including Woody Toys in Industry, Calif., for using cash deposits in the U.S. to funnel illicit proceeds from drug traffickers in Mexico and Colombia. Authorities believe about $6 million was channeled to the toy company between 2005 and 2011.

In a similar case, two executives at Angel Toy Corp. were each sentenced earlier this year to more than three years in prison after pleading guilty to conspiracy.