Word: cartels
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Dates: during 1990-1999
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...inside the drug world. Even though the customers never made a single stock trade--double-digit stock gains are paltry in contrast to 400% returns on cocaine--the sting paid off last week with federal indictments of five Colombians, who are believed to have ties to the Cali drug cartel, on drug trafficking and money-laundering charges. The indictments capped an international operation in which authorities have so far arrested more than 40 people in the U.S. and abroad and seized some 3,500 kg of cocaine and $10 million of laundered drug money...
...Colombian. Nowadays, you're just as likely to find yourself face-to-face with a Mexican. Your dealer's ethnic roots probably won't matter to you so long as the product is as advertised. But to DEA agents, the decline and fall of Colombia's once impregnable Cali cartel is a sensational development--surpassed only by the meteoric rise of the Juarez cartel now headed by Vicente Carrillo Fuentes. As the U.S. has cracked down on drug cartels in Colombia in the past decade, the business has shifted north and into the hands of Mexican traffickers, who play...
...Juarez cartel has risen faster than most tech stocks, thanks to the vision of its late founder, Amado Carrillo Fuentes, and the ruthlessness of his dumber but meaner younger brother Vicente. For a long time, Mexican criminals were simply subcontractors whom the Colombians paid a set fee, usually $1,500 to $2,000 per kilogram, to truck cocaine over the U.S. border and to warehouses in California or Texas. There, Cali cartel employees would reclaim the goods, move them to major retailing hubs like Manhattan and Los Angeles and wholesale them to distributors. The Colombians pocketed a chunk...
...biggest drug bust in four years is good news for President Andres Pastrana - and for President Clinton?s efforts to persuade Congress to part with $1.5 billion in aid to Pastrana?s government. Colombian authorities on Wednesday arrested 30 people on drug trafficking charges, including leaders of a cartel that claims to export 30 tons of cocaine a month into the U.S. "This looks like a very important bust," says TIME correspondent Elaine Shannon. "They?ve arrested some of the key figures in the international drug trade - the Miami DA called it a who?s who of kingpins. And that...
...nation?s considerable oil revenues to finance populist spending. This may sound merely like some improbable '60s flashback, but Venezuela?s state-owned oil company is the largest oil supplier to the U.S., and that ?- together with Chavez?s attempts to breathe new life into the decrepit international oil cartel, OPEC ?- could spell trouble for American consumers...