Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
05-24-2011, 01:27 AM #1
How Drug Cartels Move Cash Across The U.S.-Mexico Border
How Drug Cartels Move Cash Across The U.S.-Mexico Border
By Michel Marizco
May 23, 2011
The cartels make billions of dollars on the drug trade. But they have to work out complicated schemes to get those dollars they make from addicts in the United States back into Mexico and convert them into usable pesos.
It's a lot of money. And money can overcome lots of challenges.
A recent investigation by U.S. authorities found that between 2004 and 2007, one large U.S. bank allowed nearly $500 billion of drug money to be wired through its systems, no questions asked.
Many of the wire transfers ended up in Culiacán, Sinaloa, the place to go to cash out American greenbacks for pesos in Mexico's organized crime capital. Experts describe it as a violent city along the Pacific Coast with a long history of drug trafficking.
Parasols line the streets of El Mercadito, the little market. The setup is the same at nearly every parasol. A woman sits in its shade, surrounded by 2 or 3 young, well built men.
A car approaches. Somebody was paid in American dollars and needs to convert that to Mexican pesos but doesn't want to report where the money came from. A negotiation. Then the cash transaction and money exchangers simply walks the dollars over to the money exchange house – “casas de cambiaâ€Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
JOE BIDEN WANTS TO BRING IN GAZA RESIDENTS AND GIVE THEM...
05-02-2024, 01:19 PM in Videos about Illegal Immigration, refugee programs, globalism, & socialism