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Fri Oct 16, 2020, 05:07 PM

Chinese nationals laundered money and helped sell drugs for Mexican cartels, feds say

Six Chinese nationals have been charged with conspiring to distribute cocaine and laundering the illicit funds for Mexican drug cartels, according to court documents filed Thursday.

The suspects made at least $30 million in an alleged scheme that continued from 2008 to late last month and involved funneling illicit drug money to traffickers in Latin America, including the feared Sinaloa cartel, according to court documents.

Federal prosecutors allege that the men laundered their drug proceeds by purchasing products in the U.S. and shipping them to China. The products were then sold through “black market merchants” in China, the indictment says, with the money sent back to drug traffickers in Latin America, “often Mexicans,” through Chinese currency.

The effort, the indictment says, “required special care and skill” in money laundering.

https://news.yahoo.com/chinese-nationals-sold-drugs-laundered-225350814.html

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Reply Chinese nationals laundered money and helped sell drugs for Mexican cartels, feds say (Original post)
Yo_Mama_Been_Loggin Oct 16 OP
Mopar151 Oct 16 #1
Xolodno Oct 16 #2

Response to Yo_Mama_Been_Loggin (Original post)

Fri Oct 16, 2020, 06:41 PM

1. A classic "triangle trade" n/t

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Oct 16, 2020, 07:01 PM

2. This has been going on since the 90's.

When numerous Chinese companies decided to take advantage of the Maquiladoras program and later, NAFTA. Have to ask yourself, why are there so many Chinese restaurants opening up in Mexicali.

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