Baja News Wire Latest News from Baja California, Mexico |
06-02-10, 10:00 AM | #1 |
Join Date: 07-13-09
Posts: 2,515
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Study: Mexico drug cartels avoid bank deposits (AP)
AP - Financial experts studying Mexico's drug cartel proceeds say less than half the money smuggled out of the U.S. each year ends up in a bank.
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06-02-10, 02:35 PM | #2 |
Join Date: 04-07-09
Posts: 1,526
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Re: Study: Mexico drug cartels avoid bank deposits (AP)
They just dump it all into those little Casas De Cambio all over the place to get it into the system.
Then, the Cambios lend it out for short term at usurious interest rates. |
06-03-10, 06:18 AM | #3 |
Status: `
Join Date: 05-08-09
Posts: 3,676
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Re: Study: Mexico drug cartels avoid bank deposits (AP)
Highly-recommended book for those interested in what must be the pivotal question of the industry:
How do you safeguard/control/spend the proceeds? I don't think there are very many people in this country who ponder the obvious questions about how deeply involved the highest reaches of society are in this. You can bet your bottom dollar that an enormous international finance company who proudly serves American tax evaders are also up to their eyeballs in dope money. |
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