Cartels smuggle U.S. drug money back to Mexico in cash, study finds
Thursday, June 3, 2010 - 03:20
in Mathematics & Economics
A new U.S.-Mexico government study estimates that $19 billion to $29 billion is shipped south, then laundered through cash purchases of land, luxury hotels, cars and other high-end items. More than half of the "breathtaking" sums of money earned by Mexican drug cartels in the U.S. and smuggled into this country dissolves into Mexico's cash-based economy, eluding detection and funding vast criminal operations,...