Post Tagged with: "cocaine trafficking"

November 9, 2010 11:52

Chávez the Cocaine Capo?

One of the world’s top drug kingpins may soon be telling U.S. prosecutors everything he knows about Venezuelan officials who have abetted his cocaine smuggling operations.

June 29, 2010 04:59

Banks Financing Mexico Drug Gangs Admitted in Wells Fargo Deal

Twenty million people in the U.S. regularly use illegal drugs, spurring street crime and wrecking families. Narcotics cost the U.S. economy $215 billion a year — enough to cover health care for 30.9 million Americans — in overburdened courts, prisons and hospitals and lost productivity, the department says.

“It’s the banks laundering money for the cartels that finances the tragedy,” says Martin Woods, director of Wachovia’s anti-money-laundering unit in London from 2006 to 2009. “If you don’t see the correlation between the money laundering by banks and the 22,000 people killed in Mexico, you’re missing the point,” Woods says.

February 16, 2010 13:59

Missile purchase by Colombia’s FARC rebels raises concerns

Missiles allegedly purchased by Colombian FARC guerrillas could pose a threat to U.S.-supplied helicopters used in the war against the rebels, experts said.