Monday, September 15, 2014

As Businesses Flee, Jerry Brown's California Attracts A Different Kind Of "Investment" (cash laundering)

Investor's Business Daily ^ | 12 September 2014 | Editorial 

Immigration: When California Gov. Jerry Brown hung out the "all welcome" sign for illegals, Mexico's drug cartels heard him loud and clear. Raids on Thursday left lawmen declaring Los Angeles a cash-laundering mecca. Roping off 100 blocks of downtown Los Angeles this week, federal agents from the U.S. attorney's office raided roughly 70 garment district businesses along with a few houses in tony Westwood and Beverly Hills. The suspected crime was laundering money for Mexico's Sinaloa cartel. Agents hauled out $65 million in cash stuffed in duffel bags, suitcases and boxes, some of it blood-spattered. The cash came from hostage ransoms, drug sales and alien-smuggling fees. Some of those arrested were charged with "various immigration offenses," according to the affidavit.
(Excerpt) Read more at news.investors.com ...

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