The Chicoms and the drug cartels

 American Action News:

Sinaloa Cartel members and Chinese underground bankers were arrested in a plot to launder drug money in the U.S., the Department of Justice (DOJ) announced Tuesday.

The DOJ unsealed a multi-year investigation Monday, ‘Operation Fortune Runner’, that concluded with superseding indictments of 24 defendants associated with the scheme on April 4. They said 20 of the individuals associated with the scheme are scheduled to be arraigned in the US District Court of Los Angeles “in the coming weeks,” according to a press release.

The scheme involved Chinese underground bankers laundering money so funds could be repatriated back to Mexico. The Chinese bankers created a market for US currency to launder drug money by offering Chinese nationals a method of getting around the $50,000 limit for capital flight out of China.

“Drug traffickers increasingly have partnered with Chinese underground money exchanges to take advantage of the large demand for U.S. dollars from Chinese nationals,” the DOJ said in the press release. “The funds that are transferred in China are then used to pay for goods purchased by businesses and organizations in Mexico or elsewhere such as consumer goods or items needed to aid the drug trafficking organization to manufacture illegal drugs, such as precursor chemicals, including fentanyl.”

The DOJ charged all defendants with “one count of conspiracy to aid and abet the distribution of cocaine and methamphetamine, one count of conspiracy to launder monetary instruments, and one count of conspiracy to operate an unlicensed money transmitting business.” The Mexican and Chinese governments cooperated with the DOJ to apprehend the suspects that fled the United States, according to the press release.
...

It is hard to imagine how a totalitarian government like that of China could allow this to happen and not know about it.  It is not hard to imagine how this could happen in Mexico.

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