How the Toxic Relationship Between Cartels and Chinese Money Launderers Costs American Investors
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The king of cocaine wrote off an estimated $2.1 billion each year due to chunks of cash being eaten by rats (whether those “rats” were animals or people, the record is unclear). According to Pablo Escobar’s brother and accountant, Roberto, the cartel accumulated so much cash that it could hardly keep track of it. That write-off is nearly twice the $1.2 billion Bank of America now must pay for violating federal anti-money-laundering laws.
But the consequences of money laundering extend f
But the consequences of money laundering extend f
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