Money Laundering, Wednesday, March 11, 2009
Link: Drug lords laundered millions through South Florida, court records show
By John Holland
South Florida Sun-Sentinel
Drug lords across South America laundered money through Mutual Benefits Corp., investing millions of dollars with the company to buy insurance policies that helped hide their illicit fortunes, court records show.
2 responses so far ↓
Terence M. Blackett // March 29, 2009 at 4:10 pm
The Mexican Cartel is wreaking havoc across the US border by upping the ante through murder, incursions and bribery.
In the 90’s it was the Colombian Cartel with Carlos Escobar at the helm of the Medellin drug trade but the axis of evil has since shifted to the Mexican drug lords who are using every device to peddle their trade and move their goods into a lucrative US market where according to Anderson Cooper’s recent documentary on AC360, shows that close to 10% of the US are chemical dependent in one way or another.
Getting the money across the US border is being done through legitimate business resources. Oftentimes the drug money comes across the border in massive container trucks with commercial and retail goods (i.e., stoves, fridges etc
which is resold for cash on the Mexican market.
Cleaning up “dirty-money” is now the science of the drug lords who are devising more and more clever and ingenious ways of making their businesses more user-friendly…
Extortion, blackmail, bribery and racketeering have been the hallmarks of the drug trade. Where there are untold sums of money – there is always someone that can be bought and sold… Unscrupulous bastards who will bend and twist the system into a pretzel to satisfy their insatiable greed without a single pang of conscience as to who drugs ultimately hurt and destroy.
Truly the love of money is the root, branch and fruit of all evil….
Admin // March 29, 2009 at 8:33 pm
Thanks for the input.
I like your blog, and yes we are hopeful that President Barack Obama will help sort out this international money-laundering mess.