COVID-19 is costing drug cartels millions

Simply Wholesale
Image: Drugs seized at Blue Water Bridge in Port Huron, Mich., on April 17, 2020. (U.S. Customs and Border Protection)

Andrew Blankstein and Tom Winter and Rich SchapiroNBC NewsMay 24, 2020, 6:13 AM CDT

The coronavirus pandemic has crippled cities and crushed businesses from coast to coast.

It’s also costing drug traffickers millions, multiple law enforcement officials told NBC News, because their methods of moving money have been compromised.

Since the start of the crisis, federal drug agents in major U.S. hubs have seized substantially more illicit cash than usual amid statewide lockdowns that have disrupted the way cartels do business, the officials said.

“Their activities are a lot more apparent than they were three months ago,” said Bill Bodner, special agent in charge of the Drug Enforcement Administration’s Los Angeles field office.

Bodner said California’s stay-at-home order has made it more difficult for traffickers to launder money and move around the city unseen.

“When there’s less hay in the haystack, it’s easier to find the needle,” he added. “It’s caused the drug cartels and money launderers to take more risks, and that’s where we can capitalize.”

Keep Reading

Part of a $1 million seizure in the Los Angeles area. (DEA)
Part of a $1 million seizure in the Los Angeles area. (DEA)
Part of a $1 million seizure in the Los Angeles area. (DEA)
Part of a $1 million seizure in the Los Angeles area. (DEA)
Running Specialty Group

Be the first to comment

Leave a Reply

Your email address will not be published.


*