How much money does the mexican drug cartel make

Times News Platforms. Retrieved 30 July The tunnel was described by the U. When corruption fails, there is always violence. La Familia Cartel Disbanded

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Generally, these organizations buy cocaine processed in South America and smuggle it into the United States to sell. After that, however, they need a way to get the money back to Mexico — and secretly. In a recent money-laundering case against 32 members of a Mexican cartel, special agent with Homeland Security Investigations HSI Jill Dennewitz explained how these organizations go about transporting their cash. While many cartels take the risk of smuggling profits back to Mexico in bulk, more sophisticated groups launder money to avoid seizures by border patrol. To do that, they use two basic methods: through financial institutions and trade-based money laundering. First, if traffickers decide to launder their money through financial institutions, they need to deposit their «dirty money» at a bank.

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I see these drug dealers in corners selling drugs and my question is how much do they make a day for example. I had a very good friend in Bristol who was a drug dealer. Before that he was a «casual» user of drugs, while making a lot of money in sales work he was a Mancunian with the gift of the gab. At some point this was before I met him he was off work for six months with a broken arm. Some of his housemates recommended ketamine for the pain, and he gradually got further into it and other drugs.

‘We’ve got to stay ahead’

Generally, these organizations buy cocaine processed in South America and smuggle it into the United States to sell. After that, however, they need a way to get the money back to Mexico — and secretly. In a recent money-laundering case against 32 members of a Mexican cartel, special agent with Homeland Security Investigations HSI Jill Dennewitz explained how these organizations go about transporting their cash. While many cartels take the risk of smuggling profits back to Mexico in bulk, more sophisticated groups launder money to avoid seizures by border patrol.

To do that, they use two basic methods: through financial institutions and trade-based money laundering. First, if traffickers decide to launder their money through financial institutions, they need to deposit their «dirty money» at a bank. Second, a process known as «layering» goes. Traffickers will send drug proceeds through various wire transfers to different accounts in different names in different countries, all the how much money does the mexican drug cartel make varying the amount of their deposits and withdrawals to make the paper-trail harder to follow.

Some traffickers even send drug profits back to Mexico in wire transfers disguised as payment for imported commodities, such as how much money does the mexican drug cartel make. Finally, the now-laundered money re-enters the mainstream economyappearing to originate from a perfectly legal transaction. When cartels have millions to transport, any deposits less than that can grow tedious — and even then the IRS could start sniffing. That individual will answer and wait for a code given to the conspirator by the broker.

When the two are sure they’re on the same page, the individual hands over the profits. Then, they export and resell these commodities for Mexican pesos. Finally, the trafficker would «invest» the profits from selling these commodities into a business.

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Christina Sterbenz.

What Are The Most Dangerous Drug Cartels In Mexico?

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In one case, a Saudi exchange student disappeared from the U. Retrieved 12 May To accomplish this task he used every means available: Boeing cargo aircraft, narco submarinescontainer ships, go-fast boatsfishing vessels, buses, rail cars, tractor trailers and automobiles. June 11, — Edgar Valdez Villarreal, «La Barbie,» an American citizen, is charged with trafficking thousands of kilograms of cocaine into the United States between and Borderland Beat. You might suppose that a certain recklessness would be a prerequisite for anyone contemplating a career in the drug trade. El Universal in Spanish.