Chinese Laundry: Sinaloa Cartel Laundered Money with Help from Chinese Underground Bankers – IOTW Report

Chinese Laundry: Sinaloa Cartel Laundered Money with Help from Chinese Underground Bankers

Breitbart

Federal authorities revealed that members of the Sinaloa Cartel used a network of Chinese underground bankers to launder more than $50 million in drug proceeds.

This week, the U.S. Department of Justice unsealed a ten-count superseding indictment charging 24 men allegedly tied to the international conspiracy involving individuals in California, Mexico, and others with ties to China.

“This DEA investigation uncovered a partnership between Sinaloa Cartel associates and a Chinese criminal syndicate operating in Los Angeles and China to launder drug money,” DEA Administrator Anne Milgram said in a prepared statement. “Laundering drug money gives the Sinaloa Cartel the means to produce and import their deadly poison into the United States.” MORE

8 Comments on Chinese Laundry: Sinaloa Cartel Laundered Money with Help from Chinese Underground Bankers

  1. “$50 million in drug proceeds”

    Peanuts.

    Okay, eventually we’ll have both a CIA and FBI connection to this.

    (Is that cynicism, or, a realistic expectation at this point?)

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  2. Hahahaha! JPMorgan Chase and Wells Fargo launder more that that each, weekly, for drug money here in the US. Duly reported to the feds as likely nefarious cash. The feds are OK with this. They want the money back in circulation just as much as the cartels do. This is proven fact.

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