Blog dedicated to reporting on Mexican drug cartels
on the border line between the US and Mexico
.

Friday, June 4, 2021

Top Sinaloa Cartel Money Launderer 'El Rey Midas' Extradited to the US

"MX" for Borderland Beat

Juan Manuel Alvarez Inzunza
Juan Manuel Alvarez-Inzunza, a former high-ranking Sinaloa Cartel money launderer, was extradited to San Diego, California, on Wednesday to face federal charges.

Nicknamed "El Rey Midas" (King Midas), he is alleged to have laundered millions of dollars for Mexican drug kingpins Joaquin "El Chapo" Guzman and Ismael "El Mayo" Zambada.

Investigators estimated that El Rey Midas laundered between US$300 to US$400 million annually for the Sinaloa Cartel, which comes out to more than US$4 billion in a decade.

“Juan Manuel Alvarez-Inzunza is responsible for moving millions of dollars in illicit drug proceeds from the United States into Mexico,” said Cardell T. Morant, Special Agent in Charge for Homeland Security Investigations (HSI) in San Diego.

“We stand dedicated and united with our law enforcement partners to continue dismantling these organizations; ensuring they can no longer hide from the authorities and that they will ultimately be brought to justice.”

The transfer was made at the Toluca International Airport and was placed in custody of US Marshals.

Background

El Rey Midas was born in 1981 in Culiacan, Sinaloa, Mexico. In March 2016, while on vacation with his family, he was arrested in the Mexican state of Oaxaca under a US extradition request.

Following his capture, Mexican officials confirmed that he was the operator of a large money laundering network that had domestic links to Tijuana, Culiacan, and Guadalajara, and international links to Colombia, Panama, and the US.

El Rey Midas was reportedly using shell companies and currency exchange houses in Jalisco and Sinaloa to conceal the origins of the illicit funds.

In August 2016, the US Office of Foreign Assets Control (OFAC) sanctioned him and two of his companies under the Foreign Narcotics Kingpin Designation Act (Kingpin Act). The two Sinaloa-based companies were Nueva Atunera Triton, a tuna fishing company, and Operadora Eficaz Pegaso, a money services business.

Summary of charges
  • Conspiracy to Launder Monetary Instruments (18 U.S.C. 1956(h))
  • Conspiracy to Distribute Cocaine Intended for Importation (21 U.S.C. 959, 960, 963)
  • Conspiracy to Import Cocaine and Methamphetamine (21 U.S.C. 952 and 960)
  • Conspiracy to Distribute Cocaine and Methamphetamine (21 U.S.C. §841(a)(1) and 846)

 
Arrest and background sources: El Universal; OFAC Designation; OFAC Chart

37 comments:

  1. Replies
    1. Amino con la manteca!

      Delete
    2. 9:46 should have exported the manteca before he was exported to the US...
      but really, international business experts in money laundering have been getring the mexican narcos and politicos and associate businessmen's money and they are holding on to it with all their nails harder than if it was theirs, there is the Panama Papers, odebrecht, Cayman Islands, etc etc etc tax heavens, and banks like CCI, BCI HSBC, CHASE, BVA, SANTANDER...they ain't givin' a penny back to anyone and nothing and nobody will drag their arseholes to any court.

      Delete
  2. Get in my belly!

    ReplyDelete
  3. Aaaaaaaaaaaaaa!!!!! Snitchhhh!!!🤧 sorry guys my alergies are killing me! My alergies to snitches, why do sinaloas snitch so much?

    ReplyDelete
    Replies
    1. Show proof that he snitched like Zambadas or Cuini pendejo, otherwise shut the fuck up. These emoji kids would shit their pants in the feds.

      You don't understand that CDS is huge and Zambadas don't represent it all.

      Delete
    2. Most cartel members will snitch

      Delete
    3. Compared to what, people from state of Mexico or Veracruz? Sinaloa is no different and when people say this, I am curious is this your first time online.

      Delete
    4. Just stating facts guys dont get butt hurt! Se hicieron la fama y ahi andan asiendo lo mismo! 7:56 you want proof? Bra theres tons of them out there! Do you want me to do the work for you? Ill pass, if you want and continue to be blond thats on you, but we all know cds are all a bunch of snitches point blank!

      Delete
    5. @7:56 aver level 1 KILLER show the paperwork que Cuini es dedo. Jajajaja MIZG es el jefe de CDSoplones y lo bueno que ya ni tu lo niegas

      Delete
    6. I'll knockout @7:56
      Roll up pendej*

      Delete
    7. @1:54 Come down Mex maricón. Let's see how you sound crying.

      Delete
    8. @11:42 Level 1 lmfao you are playing too much Call of Duty, Zamabadas don't run it all, you are very ignorant, and that's why Chapos are battling it out with them at some plazas.

      Delete
    9. @10:22 jajajajaja level 1 killers son los maricones que están presos en un campo o CCF que hablan bien perros y que vendían toneladas de yesca, libras de cristal y kilos de blanca pero ni para las Maruchan tienen. Call of Duty es lo que juegan mis hijos, yo me pongo a trabajar para pagarles la universidad buey

      Delete
    10. @11:41 Cuini es dedo confirmado, deje de cuestionar los hechos amigo.

      Delete
  4. Looks like a completely different person in the extradition photos. This guy lost 100+ pounds.

    ReplyDelete
    Replies
    1. Most of these guys look way different when they are extradited just look at Barbie all the weight he lost and Mayito gordo went Bold

      Delete
    2. 3:42 life in prison is not easy, everybody gets to fuck you in the ass every day until fresh meats arrive, now with inzunza gone there is room for you.

      Delete
  5. Guess he lost his touch 😂 or his contacts on a more serious note

    ReplyDelete
  6. https://www.infobae.com/america/mexico/2021/06/04/sobrino-del-mayo-zambada-apoya-a-candidato-de-morena-a-gubernatura-de-sinaloa/ the son of mayos sister that just passed away helping a sinaloa candidate of the morena party

    ReplyDelete
  7. Cds still the best structured cartel

    ReplyDelete
    Replies
    1. No the Simpsons have the best structure

      Delete
    2. 6:05 the best at snitching!

      Delete
  8. Siempre con una sonrisa a nadien se le a rajado...

    ReplyDelete
  9. Fat and ugly 😁

    ReplyDelete
  10. Is that the same guy Larry Hernandez corrido made

    ReplyDelete
  11. He was one of the chaplains that started ctng in tj good thing they didn't last long

    ReplyDelete
  12. These are the bigger and brawnier snitchalocas? 🤣🤣🤣 pinches Marranos! De seguro va a empezar a cantar para los gringos!

    ReplyDelete
  13. Trabajaba con el meño y el señor mago gente del 🤠

    ReplyDelete
    Replies
    1. You mean the rat del sombrero

      Delete
    2. 5:13 Master splinter?

      Delete
  14. He thought he was going to get out like El Vic…

    ReplyDelete
  15. I though all sinaloas were white with blue eyes! 🤣🤣🤣🤣🤣🤣 for the guy who called michacanos and jalisiences indios!

    ReplyDelete
    Replies
    1. Those Sinaloas are PENDEJOs, most are short and dark skinned but what's WRONG with THAT? MEXICANS are INDIGENOUS in every STATE of Mexico. Only DIFERENCE is sinalias6 , Chihuahuas and Sonora claim they are 100% European. STUPID Fu@k$ 😆
      The thing is in those states their tribes were not strong or influential like aztecs, mayas, tarascos or olmec.
      In that case I UNDERSTAND why they are not PROUD of their WEAK blood line

      Delete

Comments are moderated, refer to policy for more information.
Envía fotos, vídeos, notas, enlaces o información
Todo 100% Anónimo;

borderlandbeat@gmail.com