Money laundering in the LA fashion district

Investigators raided 75 locations associated with the Los Angeles fashion district, seizing $90 million including $70 million in cash, according to this article. The businesses are alleged to have aided Mexican drug cartels in laundering their profits across the border, helping convert dollars into pesos. The flow of drug money from the U.S. to Mexico is estimated to be $20-30 billion annually.

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One Response to “Money laundering in the LA fashion district”

  1. Gunther Says:

    You wonder how no one caught on to loads of money being send out in duffel bags and questioning it? It is amazing how we force people at the airports to remove their shoes and belts and yet we did not notice all this money being send out in duffel bags.

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