FBI: Mexican Drug Cartel Funneled Money Through BofA

July 9, 2012 By 3 Comments

The WSJ reports that the FBI has discovered Mexican Drug Cartel Los Zetas funneled money through Bank of America.

If our favorite bank was laundering money for the Vatican, you can bet your last silver dollar The Morgue is laundering massive amounts of drug money as well.

 

A Mexican cocaine-trafficking cartel used accounts at Bank of America to hide money and invest illegal drug-trade proceeds in U.S. racehorses, the FBI said.

The alleged ties between the violent drug gang known as Los Zetas and the second-largest U.S. bank by assets were described in an affidavit filed in federal court in Texas last month. According to an FBI agent, a horse-buying and training business created to launder drug money had accounts at the bank.

Bank of America hasn’t been accused of any wrongdoing and is cooperating with authorities in the case, according to people familiar with the case.

Read more:


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Comments

  1. Avatar of Silvergood1 Silvergood1 says:
    July 9, 2012 at 11:13 AM

    You can also bet they are manipulating silver prices!

  2. Avatar of Da yooper Da yooper says:
    July 9, 2012 at 11:29 AM

    When any company

    gets so big

    that it can flant the law

    with impunity

    THAT company needs to be broken up & desolved & it assets ……sold

    If the officers cant go to jail we need some way of putting these “to big to fail”

    companys out of business

     

  3. Avatar of Marchas45 Marchas45 says:
    July 9, 2012 at 9:09 PM

    Of course Bank of America didn’t know it was drug money but only a reputable business concern coming from the horses mouth, so to speak. LMAO

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