Mexican Drug Cartel Diversifies…to Coal
Drug lords in Mexico have discovered a legal way to make money, albeit while still keeping their hands dirty: coal.
The Zetas drug cartel is now selling millions of dollars worth of coal each year in northern Mexico, across the border from Texas. This relatively legitimate business allows the cartel to launder money gained from drug trafficking.
In Coahuila state, which produces 95% of Mexico’s coal, the cartel produces or buys 10,000 tons of coal a week and sells it to the Mexican government at inflated prices, earning $22 million to $25 million annually.
“The Zetas are the first Mexican cartel to diversify from drugs into other areas,” Tomas Borges, author of a book on the cartels, told Agence France-Presse. Raul Vera, bishop of Coahuila's capital Saltillo, says that the Zetas have been mining coal illegally for years.
-Noel Brinkerhoff, David Wallechinsky
To Learn More:
Mexican Druglords Strike Gold in Coal (by Pierre-Marc Rene, Agence France-Presse)
Drug Cartel Used BofA Account to Invest in U.S. Racehorses (by Noel Brinkerhoff and David Wallechinsky, AllGov)
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- Invasion of the Hedge Funders: 6 Men Gave $10 Million to Presidential Super PACs in One Month
- Lawsuit Seeks Release of CIA Documents on U.S. Soldiers’ Exposure to Iraqi Chemical Weapons Made with U.S. Help
- Decades of Increased Enforcement at U.S.-Mexico Border has Backfired, Preventing Immigrants from Returning Home
- U.S. Deploying Pre-Production F-35 Aircraft Unfit for Combat
- Debt Collectors’ Dream: Nebraska makes it Easy to Go after Poor for Unpaid Medical Debts