View Full Version : DEA Launders Mexican Profits of Drug Cartels

Ed Jewett
12-04-2011, 07:35 PM
DEA Launders Mexican Profits of Drug Cartels (http://cryptogon.com/?p=26334)December 4th, 2011Via: New York Times (http://www.nytimes.com/2011/12/04/world/americas/us-drug-agents-launder-profits-of-mexican-cartels.html?_r=2):
Undercover American narcotics agents have laundered or smuggled millions of dollars in drug proceeds as part of Washington’s expanding role in Mexico’s fight against drug cartels, according to current and former federal law enforcement officials.
The agents, primarily with the Drug Enforcement Administration, have handled shipments of hundreds of thousands of dollars in illegal cash across borders, those officials said, to identify how criminal organizations move their money, where they keep their assets and, most important, who their leaders are.
They said agents had deposited the drug proceeds in accounts designated by traffickers, or in shell accounts set up by agents.
The officials said that while the D.E.A. conducted such operations in other countries, it began doing so in Mexico only in the past few years. The high-risk activities raise delicate questions about the agency’s effectiveness in bringing down drug kingpins, underscore diplomatic concerns about Mexican sovereignty, and blur the line between surveillance and facilitating crime. As it launders drug money, the agency often allows cartels to continue their operations over months or even years before making seizures or arrests.
Agency officials declined to publicly discuss details of their work, citing concerns about compromising their investigations. But Michael S. Vigil, a former senior agency official who is currently working for a private contracting company called Mission Essential Personnel, said, “We tried to make sure there was always close supervision of these operations so that we were accomplishing our objectives, and agents weren’t laundering money for the sake of laundering money.”
Another former agency official, who asked not to be identified speaking publicly about delicate operations, said, “My rule was that if we are going to launder money, we better show results. Otherwise, the D.E.A. could wind up being the largest money launderer in the business, and that money results in violence and deaths.”

Today, in operations supervised by the Justice Department and orchestrated to get around sovereignty restrictions, the United States is running numerous undercover laundering investigations against Mexico’s most powerful cartels.One D.E.A. official said it was not unusual for American agents to pick up two or three loads of Mexican drug money each week. A second official said that as Mexican cartels extended their operations from Latin America to Africa, Europe and the Middle East, the reach of the operations had grown as well. When asked how much money had been laundered as a part of the operations, the official would only say, “A lot.”
“If you’re going to get into the business of laundering money,” the official added, “then you have to be able to launder money.”

So far there are few signs that following the money has disrupted the cartels’ operations, and little evidence that Mexican drug traffickers are feeling any serious financial pain. Last year, the D.E.A. seized about $1 billion in cash and drug assets, while Mexico seized an estimated $26 million in money laundering investigations, a tiny fraction of the estimated $18 billion to $39 billion in drug money that flows between the countries each year.
Research Credit: Tru3Magic
Posted in Covert Operations (http://cryptogon.com/?cat=27), Economy (http://cryptogon.com/?cat=8)

Peter Lemkin
12-04-2011, 07:51 PM
On this and VERY related topics one should listen to old shows of Michael Levine's Expert Witness Show on WBAI - HERE. (http://expertwitnessradio.org/site/category/archives/) A former DEA Agent tells all - and has some VERY enlightening guests!..... even one of this Forum's members have been on his show.

Christer Forslund
01-10-2012, 07:33 PM
Testimony: DEA agents posing as pilots flew cocaine shipment through Dallas airport (http://www.legitgov.org/Testimony-DEA-agents-posing-pilots-flew-cocaine-shipment-through-Dallas-airport)

January 10, 2012 by legitgov

Testimony: DEA agents posing as pilots flew cocaine shipment through Dallas airport (http://www.620ktar.com/46/1119252/US-agents-helped-launder-millions-in-drug-proceeds) --US agents helped launder millions in drug proceeds 09 Jan 2012 Mexico's government allowed a group of undercover U.S. anti-drug agents and their Colombian informant to launder millions in cash for a powerful Mexican drug trafficker and his Colombian cocaine supplier, according to documents made public Monday. The Mexican magazine Emeequis published portions of documents that describe how Drug Enforcement Administration agents, a Colombian trafficker-turned-informant and Mexican federal police officers in 2007 infiltrated the Beltran Leyva drug cartel and a cell of money launderers for Colombia's Valle del Norte cartel in Mexico... In his testimony, the DEA agent in charge of the operation says DEA agents posing as pilots flew at least one shipment of cocaine from Ecuador to Madrid through a Dallas airport.