Mexican Drug Cartel Laundered Money Through BofA, FBI Alleges
"A federal probe into Los Zetas, a Mexican drug cartel, claims that
the group has been laundering money through accounts at BofA, according
to a recent report in The Wall Street Journal.
An FBI affidavit filed in Texas last month says that the Mexican drug
cartel has been reportedly funneling cash through a Texas-based
racehorse business with BofA accounts. The U.S. government has described
Los Zetas in the past as "the most technologically advanced,
sophisticated and dangerous cartel operating in Mexico."
In the past, Mexican drug syndicates have allegedly used BofA
accounts to buy planes to transport cocaine, according to Bloomberg.
Between 2004 and 2007, the bank was also the alleged destination for
almost $10 million in illicit funds from an influential political family
in Equatorial Guinea.
BofA has admitted such errors in the past."
Nice to see tax dollars supporting a worthy cause.
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