US Banks Financing Mexico Drug Gangs Admitted in Wells Fargo Deal - $378.4 billion

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Uploaded by on Jun 29, 2010

Daily News @ http://RevolutionNews.US ~ Wachovia admitted it didn't do enough to spot illicit funds in handling $378.4 billion for Mexican-currency-exchange houses from 2004 to 2007. That's the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history -- a sum equal to one-third of Mexico's current gross domestic product.

"Wachovia's blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations," says Jeffrey Sloman, the federal prosecutor who handled the case.

Since 2006, more than 22,000 people have been killed in drug-related battles that have raged mostly along the 2,000-mile (3,200-kilometer) border that Mexico shares with the U.S. In the Mexican city of Ciudad Juarez, just across the border from El Paso, Texas, 700 people had been murdered this year as of mid- June. Six Juarez police officers were slaughtered by automatic weapons fire in a midday ambush in April.

Rondolfo Torre, the leading candidate for governor in the Mexican border state of Tamaulipas, was gunned down yesterday, less than a week before elections in which violence related to drug trafficking was a central issue.

45,000 Troops

Mexican President Felipe Calderon vowed to crush the drug cartels when he took office in December 2006, and he's since deployed 45,000 troops to fight the cartels. They've had little success.

Read the full story here:

http://www.blacklistednews.com/news-9481-0-11-11--.html

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Top Comments

  • Proof prohibition is working.

    NOT

  • 'Money As Debt' Secret gov & bank fraud! Well done video must watch. Make this viral. Money As Debt HQ can be watched on youtube.

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All Comments (12)

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  • GOD BLESS OBAMA's AMERIKA!!!

  • Just exactly what part of the "Criminal Just-Us System"

    do you not understand?

    If the de-facto government cared at all about "Terrorists™" then they wouldn't worry so much about the borders of Israel (Rockefeller Inc.) and other conquests but rather our own.

    30lbs. of Cocaine was just discovered in the mail-room at the U.N.

    The International "global-ism" Pirates are throwing a party and guess what?

    You're not invited!

  • No no no, you said it right the first time Mr. Smith, "All banks are SUSPECT"

  • this is the age of coorporatism its a double edge sword it helps at time it kills at times and it backfires on us at time making el chapo one of the wealthiest billionares how we fix this we dont we wait till its a crisis and then we invade thats gotten us far lately

  • What is terrible people who have their neighbourhood flooded by these substances, is then arrested, for what the government show a blind eye to. America is a mess from top to bottom.

  • The guy commenting in this video is unbelievable... on the one hand he's saying the drug cartels are very clever and the banks were in effect infiltrated and taken advantage of... but on the other hand the whistle blowers employed by the bank were ignored when they blew the whistle! The bottom line is... 'the bottom line'. A banksters only consideration is making money rights and wrongs don't come into it.

  • To end the war on drugs: Nuke the narco-communist regime of Cuba! Cuba needs a military intervention.

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