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Jul 03 2007

$207 Million In Cash

Posted by Bucky in News

Have you ever wondered what $1 million in cash looked like? How about $207 million? It’s no wonder that drugs are everywhere. After seeing this loot, who wouldn’t be tempted?!

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The money found hidden inside walls, suitcases and closets in one of Mexico City’s wealthiest neighborhoods came from the profits of methamphetamines sold in the United States, [DEA chief Karen Tandy] said.Mexican law enforcement and the DEA worked for a year on the operation, she said.Mexican federal agents also seized eight luxury vehicles, seven weapons and a pill-making machine during the raid in Lomas de Chapultepec, a neighborhood of walled compounds that is home to ambassadors and business magnates. Seven people were arrested and were ordered Monday to be held for three months while the investigation continues.

In addition to the dollars, officials found 200,000 euros and 157,500 pesos.

Mexican Attorney General Eduardo Medina Mora said the money was connected to one of the hemisphere’s largest networks for trafficking pseudoephedrine, the main ingredient in methamphetamines.

Mora said the ring had been operating since 2004 and was run by a native of China who had gained Mexican citizenship. The alleged gang leader is in hiding, possibly outside of the country, Medina Mora said.

The operation should reduce the supply of methamphetamine to the United States, where Mexican drug gangs control at least 80 percent of the market, Tandy said.

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This entry was posted on Tuesday, July 3rd, 2007 at 12:34 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “$207 Million In Cash”
  1. Gadget Blog says:
    July 4, 2007 at 6:41 pm

    wow. that’s huge amount of money. No wonder a mexican has surpassed Bill Gates in net worth. (just kidding).

  2. Andrew says:
    July 5, 2007 at 5:23 am

    wow, that is a lot of cash. It must have taken years for them to sell so much drugs. It is good that they were caught.

  3. Bucky says:
    July 5, 2007 at 5:44 am

    That is how much they found…I wonder how much had been spent? :shock:

  4. Big JiMMy says:
    July 17, 2007 at 7:00 pm

    Unfortunately that’s just the tip of the iceberg? :evil:

  5. Bucky says:
    July 18, 2007 at 4:48 am

    I agree Big JiMMy. That is a pile of cash, but nothing compared to what is out there. :shock:

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