• About Us
  • Careers
  • Contact
No Result
View All Result
Thursday, June 26, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

U.S. Authorities Indict and Sanctions Mexican Cartel Leaders For Drug Trafficking and Crypto Money Laundering

21 June 2024
in News
Reading Time: 3 mins read
107 1
Home News

The U.S. Department of Justice (DOJ) has indicted two high-ranking members of the Mexican drug cartel, La Nueva Familia Michoacana, Rodolfo Maldonado-Bustos and Euclides Camacho-Goicochea, on charges of conspiracy to distribute and import heroin into the United States.

The announcement, made on June 21, 2024, revealed that the cartel leaders allegedly used cryptocurrency to mask their illicit financial activities.

Mexico-Based Drug Cartel Leaders Indicted and Sanctioned

🔗: https://t.co/JDwmO5MMMd pic.twitter.com/macKjggLp1

— U.S. Department of Justice (@TheJusticeDept) June 20, 2024

Camacho-Goicochea, in particular, was accused of spearheading the use of digital currencies to facilitate the transfer and laundering of drug proceeds, allowing the cartel to move large sums of money anonymously and bypass traditional financial systems.

According to the DOJ, the charges were a result of a multi-agency investigation, which began in 2016, and it uncovered a sophisticated operation importing massive quantities of heroin into the U.S., particularly to the Atlanta area.

The agency noted that its partner agencies, the Drug Enforcement Administration (DEA) and IRS Criminal Investigation (IRS-CI), successfully tracked the cartel’s digital transactions despite using digital currencies. They claimed that agencies were able to seize over $580,000 in cash and assets in the Atlanta area in early 2017.

In addition to the criminal charges, the U.S. Department of the Treasury’s Office of Foreign Asset Control (OFAC) has imposed financial sanctions on both Maldonado-Bustos and Camacho-Goicochea, freezing their U.S. assets and prohibiting transactions with U.S. entities.

In the DOJ’s announcement, Attorney General Merrick B. Garland emphasized the government’s commitment to disrupting cartel operations by targeting their profits. In his words:

“These actions demonstrate that in addition to holding cartel leaders accountable for their crimes, we are working together with our partners at the Treasury Department to hit the cartels’ criminal operations where it hurts the most – their profits.“

However, the DOJ’s announcement has sparked mixed reactions on social media, with some expressing scepticism about the effectiveness of these sanctions, the focus on foreign cartels, and the overall impact of the DOJ’s actions.

The DOJ maintained that these actions are crucial steps in dismantling the financial infrastructure of international drug trafficking organizations and reducing the flow of illegal drugs into the United States.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: CryptocurrencyDOJDrugsMexican Cartel
Share63Tweet39Share11
Previous Post

EDF Group’s Exaion Joins Cronos Blockchain as a Major Validator

Next Post

U.S. Congressmen Demand Humanitarian Release for Detained Binance Executive Following Nigeria Visit

Anuoluwapo Obisesan

Anuoluwapo Obisesan

Experienced in crafting clear, user-friendly documentation and compelling news reports. Passionate about technology and delivering impactful content. Collaborative team player dedicated to accuracy and clarity. When not writing, you'll find me hunkering down with a good book.

Related Posts

source:  coin68.com
Blockchain

Telegram Users Now Access Institutional-Grade Rewards for Staking TON

26 June 2025
source: grist.org
Crime

Citibank Faces Lawsuit Over Alleged Negligence in $20 Million Crypto Romance Scam

26 June 2025
source: orion.xyz
Business

Lumia and Avail Stack Partner to Enable Seamless Cross-Chain Transfers of Tokenized Real-World Assets

26 June 2025
source: pymnts.com
News

BitRail Unveils Stablecoin & Wallet Solutions Amid Shift to Owned Payments

26 June 2025

Featured Posts

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

Has Web3 Failed to Protect the Core Innovations of Crypto and DeFi?

byOlajumoke Oyaleke
15 June 2025
0

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

Are Green Cryptocurrencies the Future of Blockchain Sustainability?

byOlayinka Sodiq
12 June 2025
0

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

Web3 Gaming’s Scaling Crisis: Why Innovation Alone Isn’t Enough

byOlayinka Sodiq
10 June 2025
0

What Is Price Slippage in Crypto & How Can You Avoid It

What Is Price Slippage in Crypto & How Can You Avoid It

byOlayinka Sodiq
4 June 2025
0

The Rise of Decentralized Identity Solutions in DeFi

The Rise of Decentralized Identity Solutions in DeFi

byOlayinka Sodiq
20 October 2024
0

Read More

Chain of Thoughts

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Is Tokenization All That It’s Cracked Up To Be?

Is Tokenization All That It’s Cracked Up To Be?

byOlu Omoyele
26 February 2025
0

...

Markets Update

What South Korea’s Crypto Strategy Signals for the Next Bull Run?

35 minutes ago

Why Crypto Projects Are Choosing MiCA Over the US, Even With Regulatory Support on the Rise

1 hour ago

Tokenized Treasuries vs. Stablecoins: Where Will Institutional Capital Flow?

2 hours ago

Ethereum Transaction Fees Plunge to 5-Year Low Amid Network Lull: What This Means for the Crypto Market

4 hours ago

First XRP ETF Approved on Toronto Stock Exchange— Is This a Green Light for XRP ETF Approvals in More Countries?

2 days ago

Your Weekend Crypto Roundup | June 2025 (Week 3)

6 days ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Weed® Announces Partnership with Khalifa Kush; Launches Global Commercialization

    bychainwire
    26 June 2025
    0

    GBM Launches Auction Festival with The Sandbox, Aavegotchi, Unstoppable Domains, and More

    bychainwire
    26 June 2025
    0

    Codebase Technologies and Fuze Partner to Expand Digital Asset Access for Banks and Financial Institutions

    Codebase Technologies and Fuze Partner to Expand Digital Asset Access for Banks and Financial Institutions

    byGuest Author
    26 June 2025
    0

    French “Spiderman” Scales Skyscraper to Launch World’s First Action Token

    bychainwire
    26 June 2025
    0

    Deribit and SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring a $300,000+ USDC Prize Pool

    bychainwire
    26 June 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverses
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00