US Fentanyl Crisis: Chinese "Bankers" Launder Mexican Cartel's Drug Money | Firstpost America
US officials uncovered an alleged alliance between a major drug cartel and an underground Chinese banking group in Southern California. The group laundered over $50 million in drug proceeds. Twenty-four people were charged with drug distribution, money laundering, and operating an unlicensed money-transmitting business. As part of the investigation, 302 pounds of cocaine, 92 pounds of methamphetamine, 3,000 ecstasy pills, three semi-automatic rifles with high-capacity magazines, and eight semi-automatic handguns were seized. China’s Ministry of Public Security in a social media said that it had also arrested a person suspected of involvement in “drug-related money laundering” following a US tip-off.
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China | Drug Cartel | USA | Fentanyl | Mexico | Firstpost America | Eric Ham | War | Geopolitics | Global Economy | Firstpost | World News | Latest News | Global News | International News | Trending News
#mexico #drugcartel #usa #china #firstpostamerica #ericham #war #geopolitics #economy #firstpost #worldnews #latestnews #globalnews #internationalnews #trendingnews
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