LATIMES/ 2 screen read combined.
T.Wilkinson, K.Ellingwood
LAT: "Faced with new restrictions on the use of U.S. cash in Mexico, drug cartels are using an ingenuous scheme to move their ill-gotten dollars south under the guise of legitimate cross-border commerce.
U.S. and Mexican authorities say trade-based money-laundering may be the most clever — and hardest to detect — way in which traffickers are washing and distributing their billion-dollar profits."
Using a method perfected by Colombia's narcos...money launderers use dollars to purchase a commodity...and export it to Mexico or another foreign country.
The infamous alleged Sinaloan narco...Blanca Cazares (foto)...first set the example for Mexico.
She imported Asian silk to the L.A paid for in USD...and then exported it to her shops in Mexico...where she sold it at a high prices...in pesos.
Popular Posts
- AUSTIN,TEXAS: Dell's Decline Revealed in A Lawsuit Over Defective Computers.
- UKRAINE: Parliament Brawls Over Ex-PM Tymoshenko's Criminal Charges.
- Profile of a Cuban Spy
- ITALY : Ruby Heartstealer Testifies About Bunga Bunga Parties at Milano Trial.
- TEXAS / USA / IMAGES : 6 Dead, 200 Homes Damaged After 16 Tornadoes Ravage Granbury, Cleburne.
- Mexican Court Frees 22 Convicted Of Chiapas Killings.
- COSTA RICA / PERU / COLOMBIA : 17 May UPDATE : 2 More Aides Resign After Prez. Chinchilla Comes Under Fire For Free Flights On Alleged Narco Jet; Key Minister Resigns Over Flight From Bogus Person.
- ARGENTINA: Reciprocity Tourist Tax Begins.
- CHINA / VIDEO : Dissident Artist Ai Weiwei Releases Critical Funky Rock Video.
- MACROECONOMICS: Is A Third Depression Coming?