24 people charged in money laundering scheme involving Mexico's Sinaloa cartel
19/6/2024 8:06
A five-year investigation by U.S. officials has uncovered a complex partnership between one of Mexico’s most notorious drug cartels and Chinese underground banking groups in the U.S. that laundered money from the sale of fentanyl, cocaine and other drugs, federal prosecutors said Tuesday.
Associates of the powerful Sinaloa Cartel conspired with the Chinese groups to cover up more than $50 million in drug profits, much of which was processed in the Los Angeles area, the prosecutors said in a news release.
Two dozen people have been charged. Chinese and Mexican law enforcement helped arrest fugitives who fled the United States after they were initially charged last year.
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