jimnyc
07-18-2019, 05:04 AM
I could not agree more. I think all of his money should be immediately forfeited and all used by the border agency. "Mexico" will have paid and the cost to the US extremely minimal. I see zero reason NOT to do this if they get it seized, and I've seen money seized for less. Of course some Dems would avoid helping the border if it were free. :rolleyes:
More than likely all moved, hidden or gone somehow, but always ways...
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Ted Cruz says billions in assets tied to 'El Chapo' should fund the border wall
U.S. prosecutors are seeking to seize billions of dollars in assets connected to convicted drug lord Joaquín "El Chapo" Guzmán, and Sen. Ted Cruz, R-Texas, said Tuesday that he believes the money should be used to build a border wall with Mexico.
In reference to Guzmán's conviction on 10 criminal counts – including drug trafficking, weapons violations and operating a continuing criminal enterprise – Cruz tweeted: "U.S. prosecutors are seeking $14 billion in drug profits & other assets from El Chapo which should go towards funding our wall to #SecureTheBorder."
It's a nod to a previously introduced bill, CNN reports. The "EL CHAPO Act" – or "Ensuring Lawful Collection of Hidden Assets to Provide Order Act" – was first introduced in April 2017 and reintroduced in January of this year, the network reports.
"The bill would reserve any amounts forfeited to the U.S. Government as a result of the criminal prosecution of 'El Chapo' ... and other drug lords for border security assets and the completion of the wall along the U.S.-Mexico border," a January release from Cruz says.
The idea has particular relevance this week. Guzmán was convicted Tuesday and lawmakers are currently sparing on border security funding issues as another possible government shutdown looms.
Prosecutors have said Guzmán's Sinaloa Cartel generated billions of dollars by smuggling tons of cocaine, heroin, methamphetamine and other drugs.
Rest - https://www.usatoday.com/story/news/politics/2019/02/12/ted-cruz-el-chapos-money-should-pay-border-wall-mexico/2854584002/
Prosecutors ask federal judge for 'El Chapo' to forfeit his $12.7 billion
Prosecutors on Friday asked a judge to order former Mexican drug lord Joaquin "El Chapo" Guzman to forfeit more than $12.6 billion in assets. El Chapo's attorneys say that kind of money left behind does not exist.
Prosecutors said the billions of dollars consist of property obtained and "facilitated" by El Chapo's operation of drug crimes and other assets gained through drug deals through both trade and murders. El Chapo's attorneys, on the other hand, call wanting that kind of money "insane."
"It's insane to think that Guzman would have all that money," said Mariel Colon, one of the attorneys for El Chapo.
Jeffrey Lichtman, another lawyer for El Chapo, said his client actually had money problems, despite claims in court from El Chapo's associates that drugs in New York sold for around $55,000 and $35,000 for heroin and cocaine, respectively.
"This is largely an academic exercise as the government has never located or identified even a penny of this $12.7 billion in proceeds supposedly generated by Mr. Guzman," Lichtman said in this CNN report.
Rest - https://www.newsweek.com/prosecutors-ask-federal-judge-el-chapo-forfeit-his-127-billion-1447858
More than likely all moved, hidden or gone somehow, but always ways...
---
Ted Cruz says billions in assets tied to 'El Chapo' should fund the border wall
U.S. prosecutors are seeking to seize billions of dollars in assets connected to convicted drug lord Joaquín "El Chapo" Guzmán, and Sen. Ted Cruz, R-Texas, said Tuesday that he believes the money should be used to build a border wall with Mexico.
In reference to Guzmán's conviction on 10 criminal counts – including drug trafficking, weapons violations and operating a continuing criminal enterprise – Cruz tweeted: "U.S. prosecutors are seeking $14 billion in drug profits & other assets from El Chapo which should go towards funding our wall to #SecureTheBorder."
It's a nod to a previously introduced bill, CNN reports. The "EL CHAPO Act" – or "Ensuring Lawful Collection of Hidden Assets to Provide Order Act" – was first introduced in April 2017 and reintroduced in January of this year, the network reports.
"The bill would reserve any amounts forfeited to the U.S. Government as a result of the criminal prosecution of 'El Chapo' ... and other drug lords for border security assets and the completion of the wall along the U.S.-Mexico border," a January release from Cruz says.
The idea has particular relevance this week. Guzmán was convicted Tuesday and lawmakers are currently sparing on border security funding issues as another possible government shutdown looms.
Prosecutors have said Guzmán's Sinaloa Cartel generated billions of dollars by smuggling tons of cocaine, heroin, methamphetamine and other drugs.
Rest - https://www.usatoday.com/story/news/politics/2019/02/12/ted-cruz-el-chapos-money-should-pay-border-wall-mexico/2854584002/
Prosecutors ask federal judge for 'El Chapo' to forfeit his $12.7 billion
Prosecutors on Friday asked a judge to order former Mexican drug lord Joaquin "El Chapo" Guzman to forfeit more than $12.6 billion in assets. El Chapo's attorneys say that kind of money left behind does not exist.
Prosecutors said the billions of dollars consist of property obtained and "facilitated" by El Chapo's operation of drug crimes and other assets gained through drug deals through both trade and murders. El Chapo's attorneys, on the other hand, call wanting that kind of money "insane."
"It's insane to think that Guzman would have all that money," said Mariel Colon, one of the attorneys for El Chapo.
Jeffrey Lichtman, another lawyer for El Chapo, said his client actually had money problems, despite claims in court from El Chapo's associates that drugs in New York sold for around $55,000 and $35,000 for heroin and cocaine, respectively.
"This is largely an academic exercise as the government has never located or identified even a penny of this $12.7 billion in proceeds supposedly generated by Mr. Guzman," Lichtman said in this CNN report.
Rest - https://www.newsweek.com/prosecutors-ask-federal-judge-el-chapo-forfeit-his-127-billion-1447858