We ask you, humbly: don't scroll away.
Hi readers, it seems you use Catholic Online a lot; that's great! It's a little awkward to ask, but we need your help. If you have already donated, we sincerely thank you. We're not salespeople, but we depend on donations averaging $14.76 and fewer than 1% of readers give. If you donate just $5.00, the price of your coffee, Catholic Online School could keep thriving. Thank you.Help Now >
Feds take $100 million from cartel related businesses in California!
FREE Catholic Classes
Federal officials announced that Los Angeles is now the nation's center for money laundering by international drug cartels, after a raid in downtown L.A. seized an estimated $100 million in cash and from bank accounts as part of an ongoing probe.
Highlights
Catholic Online (https://www.catholic.org)
9/11/2014 (9 years ago)
Published in U.S.
Keywords: California, L.A., Cartel, Drug Cartels, Mexico
LOS ANGELES, CA (Catholic Online) - Some of this laundered money was from ransom payments to the Sinaloa drug cartel that kidnapped and tortured U.S. citizens.
You can be a light in the darkness with "prayer and action."
"Los Angeles has become the epicenter of narco-dollar money laundering with couriers regularly bringing duffel bags and suitcases full of cash to many businesses," said Assistant U.S. Attorney Robert E. Dugdale.
"California is the gateway to the rest of the United States," said California Attorney General Kamala Harris. "California is and always will be an attractive target for these kinds of activities because we have the largest population of any state in the United States. The seventh-largest economy in the world."
The international cartels use what is known as "trade-based money laundering" or "black market peso exchange," federal officials said.
The raid took place on September 10, when 1,000 officers went through a section of downtown L.A. known for its dense bazaar-like maze of shops. Initially, the officers seized $65 million, but by the next day that figure had grown to more than $100 million.
"We have targeted money-laundering activities in the fashion district based on a wealth of information that numerous businesses there are engaged in black market peso exchange schemes," Dugdale said.
Officials say that the majority of L.A.'s $18 billion garment district is legitimate and operates wholly within the law, but the crackdown clearly "portend a profoundly troubling trend," said Claude Arnold, a special agent in charge of U.S. Immigration and Customs Enforcement's Homeland Security Investigations unit within Los Angeles.
"The scope of this current case and its potential long-term impact are truly unprecedented," Arnold said.
---
'Help Give every Student and Teacher FREE resources for a world-class Moral Catholic Education'
Copyright 2021 - Distributed by Catholic Online
Join the Movement
When you sign up below, you don't just join an email list - you're joining an entire movement for Free world class Catholic education.
-
Mysteries of the Rosary
-
St. Faustina Kowalska
-
Litany of the Blessed Virgin Mary
-
Saint of the Day for Wednesday, Oct 4th, 2023
-
Popular Saints
-
St. Francis of Assisi
-
Bible
-
Female / Women Saints
-
7 Morning Prayers you need to get your day started with God
-
Litany of the Blessed Virgin Mary
Chaplain Reveals Unrest at Columbia University Caused by Communists
-
Discovering Who We Are: God's Truth in Scripture
-
Pope Francis Advises Parish Priests on Fostering a Missionary Church
-
5 Reasons Going To Church Is Important (even on days you feel like you can skip)
-
U.S. Catholic Parishes Experience Resurgence of Traditional Practices
Daily Catholic
- Daily Readings for Saturday, May 04, 2024
- St. Florian: Saint of the Day for Saturday, May 04, 2024
- The Universal Prayer (attributed to Pope Clement Xi): Prayer of the Day for Saturday, May 04, 2024
- Daily Readings for Friday, May 03, 2024
- St. James the Lesser: Saint of the Day for Friday, May 03, 2024
- Prayer before Starting on a Journey: Prayer of the Day for Friday, May 03, 2024
We ask you, humbly: don't scroll away.
Hi readers, it seems you use Catholic Online a lot; that's great! It's a little awkward to ask, but we need your help. If you have already donated, we sincerely thank you. We're not salespeople, but we depend on donations averaging $14.76 and fewer than 1% of readers give. If you donate just $5.00, the price of your coffee, Catholic Online School could keep thriving. Thank you.Help Now >
We ask you, humbly: don't scroll away.
Hi readers, it seems you use Catholic Online a lot; that's great! It's a little awkward to ask, but we need your help. If you have already donated, we sincerely thank you. We're not salespeople, but we depend on donations averaging $14.76 and fewer than 1% of readers give. If you donate just $5.00, the price of your coffee, Catholic Online School could keep thriving. Thank you.Help Now >
Copyright 2024 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2024 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.
Catholic Online is a Project of Your Catholic Voice Foundation, a Not-for-Profit Corporation. Your Catholic Voice Foundation has been granted a recognition of tax exemption under Section 501(c)(3) of the Internal Revenue Code. Federal Tax Identification Number: 81-0596847. Your gift is tax-deductible as allowed by law.