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Where was the money of Joaquín “El Chapo” Guzmán

Where was the money of Joaquín “El Chapo” Guzmán

Where was the money of Joaquín “El Chapo” Guzmán

There are different theories of how much money Guzmán accumulated, an amount that is surrounded by mystery.

He was one of the most powerful drug traffickers in the world, the leader of the largest drug cartel in the Americas, and Forbes magazine included him in its list of the richest on the planet in 2012.

But for Joaquín Guzmán Loera, “El Chapo”, the authorities of Mexico and the United States have not found the fortune that has been said he has.

The Attorney General’s Office (PGR) recognizes that it has not been easy to find the properties and resources of the capo, currently imprisoned in New York.

“Today the United States still hasn’t found a dollar for ‘El Chapo,'” Attorney Raúl Cervantes recently told Televisa.

“He did not use the financial system from what you can see, we had found very few assets, but the Treasury Department has not found them.”

El Chapo” boasted of selling more marijuana than anyone in the world. Photo: YURI CORTEZ/AFP

That does not mean that Guzmán Loera is poor. In a conversation with actor Sean Pean, published in January 2016 by Rolling Stone magazine, the detainee bragged about his business.

El Chapo Guzmán and Pablo Escobar: were the two biggest drug traffickers in history

“I supply more heroin, methamphetamine, cocaine, and marijuana than anyone in the world,” he told the actor.

“I have a fleet of submarines, planes, trucks, and boats.”

He was one of the most powerful drug traffickers in the world, the leader of the largest drug cartel in the Americas, and Forbes magazine included him in its list of the richest on the planet in 2012.

But for Joaquín Guzmán Loera, “El Chapo”, the authorities of Mexico and the United States have not found the fortune that has been said he has.

The Attorney General’s Office (PGR) recognizes that it has not been easy to find the properties and resources of the capo, currently imprisoned in New York.

“Today the United States still hasn’t found a dollar for ‘El Chapo,'” Attorney Raúl Cervantes recently told Televisa.

“He did not use the financial system from what you can see, we had found very few assets, but the Treasury Department has not found them.”

El Chapo” boasted of selling more marijuana than anyone in the world. Photo: YURI CORTEZ/AFP

That does not mean that Guzmán Loera is poor. In a conversation with actor Sean Pean, published in January 2016 by Rolling Stone magazine, the detainee bragged about his business.

El Chapo Guzmán and Pablo Escobar: were the two biggest drug traffickers in history

“I supply more heroin, methamphetamine, cocaine, and marijuana than anyone in the world,” he told the actor.

“I have a fleet of submarines, planes, trucks, and boats.”

Currently, the prosecutor’s office in New York, where Guzmán faces trial, intends to confiscate US$14,000 million, the equivalent of the profits that are calculated as the leader of the Sinaloa Cartel.

The Christmas dinner that ‘El Chapo’ Guzmán tasted in the US prison

In social networks, it is common to find images attributed to the capo’s children aboard yachts or luxury cars. They also often display expensive watches and packages with thousands of dollars.

But at the same time, his daughter Rosa Isela Guzmán said that the Mexican government created the version that her father was a millionaire.

In the end, prosecutor Cervantes acknowledges that the Mexican and US authorities do not have concrete data on the wealth of the detainee.

“There is no clear identification of the number of assets,” he says. The money “has not been found, there are very few assets, it does not use the financial system, it is not that simple”.

businessman

So, where is Guzmán Loera’s fortune? “He is running around the world,” analyst José Reveles, author of the book “El Chapo. Surrender and betrayal”.

The Sinaloa Cartel is a transnational business, that even sells drugs in Australia and Africa has recalled.

The differences between ‘Chapo’ Guzmán and Pablo Escobar, the biggest drug traffickers in the world

With his economic capacity, he created a complex financial structure to hide his profits, without counting on Guzmán Loera’s own operational ability.

“He is a businessman who makes decisions with the help of advisers and under specific conditions,” he says.

Chapo’s wife, Emma Coronel Aispuro, is one of the figures that accompany Guzmán in the hearings in New York. Photo: AFP / GETTY IMAGES

“The Cartel is a company that has the luxury of moving money anywhere in the world.”

The United States Department of the Treasury, for example, has pointed out agricultural companies, pharmacies, shops, and exchange centers linked to family and friends of the capo.

Who is “Guano”, the ruthless brother of “Chapo” Guzmán

The businesses are located in states such as Sinaloa, Chihuahua, Durango, Guerrero, Quintana Roo, and Mexico City, among other places.

But not all profits from the sale of drugs stay in the country, says the public report “First National Assessment of Money Laundering and Terrorist Financing Risks in Mexico.”

“It is inaccurate to assume that the income received by organizations dedicated to drug trafficking is, in its entirety, introduced into the Mexican financial system or the country’s economy,” indicates the document from the Mexican authorities.

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