The Department of Justice (DOJ) alleged Tuesday that Mexico’s Sinaloa drug cartel, blamed for the influx of fentanyl into the United States, has conspired with groups linked to “Chinese underground banking” to launder more than $50 million in drug proceeds.
A multi-year investigation dubbed “Operation Fortune Runner” has resulted in the superseding indictment of 24 defendants, identified as Sinaloa associates in Los Angeles, the DOJ said.
The department alleged that a money laundering network linked to the cartel collected and processed “large amounts of drug proceeds in U.S. currency in the Los Angeles area” with help from a California-based money transmitting group with ties to Chinese underground banking.
“This DEA investigation uncovered a partnership between Sinaloa Cartel associates and a Chinese criminal syndicate operating in Los Angeles and China to launder drug money,” Drug Enforcement Administration (DEA) […]
— Read More: www.theepochtimes.com
Click this link for the original source of this article.
Author: The Epoch Times
This content is courtesy of, and owned and copyrighted by, https://americafirstreport.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.