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: Grits for Breakfast

Following the money in search of American drug bosses

By Gritsforbreakfast

I've wondered frequently before who are the "drug kingpins" on the US side of the border, and speculated that the best way to find out would be to follow the money.The most important money laundering connection yet discovered in the ongoing fight against Mexican drug cartels was revealed last year when, according to Forbes ("Banking on Drugs," Nov. 15, 2007):In September, a U.S. registered Gulfstream II business jet carrying 3.3 tons of cocaine crashed in Mexico's Yucatán Peninsula. A year earlier, a DC-9 aircraft loaded with 5.7 tons of cocaine from Venezuela was seized in Mexico by Mexican soldiers.Both of the planes were purchased through a Mexican exchange house called Casa de Cambio Puebla, and that's turning into a problem for Wachovia, the fourth biggest bank in the United States, and Harris Bank, the Chicago unit of Canada's BMO Financial Group...continue to full post

Full post as published by Grits for Breakfast on January 25, 2008 (boomark / email).