Kenneth Rijock

Kenneth Rijock

Monday, August 29, 2016

US BORDER PATROL SEIZES $3m+ FROM SOUTHBOUND BULK CASH SMUGGLERS IN SAN DIEGO

The money seized
The United States Border Patrol reports that it detained two individuals, in the San Diego area, traveling together southbound, in two vehicles. Seized was a total of $3,033,880 . It is the largest cash seizure, of record, in the area. In August, $2.3m was seized from a home in Anaheim, California.

Bulk cash smugglers, seeking to repatriate drug profits to Mexico and Colombia, had $382m seized, by US law enforcement, in 2014; the money was taken in over 4000 bulk cash seizures. Not all the dollars are destined for Mexico. however.

Some of the funds are destined for the Los Angeles area, where they are exchanged for gold or diamonds, which are then smuggled into Mexico, and exchanged for Pesos, and delivered to the Cartels. Through this technique, the Cartels avoid having to exchange the US Dollars for Pesos.


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