Puerto Vallarta News

Puerto Vallarta News

Special Report: Meet the Chinese ‘brokers’ laundering Mexican drug money

Early next year, a Chinese businessman named Gan Xianbing will be sentenced in a Chicago courtroom for laundering just over $530,000 in Mexican cartel drug money.

Gan, 50, was convicted in February of money laundering and operating an unlicensed money-transfer business that whisked cartel cash from U.S. drug sales offshore. Gan has maintained his innocence; his lawyers say he was entrapped by U.S. authorities. The trial garnered few headlines and little of the public fascination reserved for kingpins of powerful narcotics syndicates that U.S. federal prosecutors said Gan served.

Still . . .

Read Full Story

Related Posts

peso today

Mexican peso holds steady as inflation ticks higher

The peso closed near 17.48 per dollar, steady under 17.50, as hotter Mexico inflation and...
Cabo San Lucas water

Puerto Vallarta water outage will hit 40 neighborhoods Friday

CFE maintenance will cut power, limiting water in 40 Puerto Vallarta neighborhoods from 1 p.m....
Playa del Carmen pivots to conscious sustainable tourism

Playa del Carmen pivots to conscious sustainable tourism

Tourism chief Estefanía Hernández says Playa del Carmen is pivoting to sustainability, inclusion and local...
San Miguel de Allende marks Ignacio Allende birthday

San Miguel de Allende marks Ignacio Allende birthday

A civic-military ceremony, procession to Casa de Allende, and downtown parade marked Ignacio Allende’s birthday...