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Julie Shemitz

๐Ÿ‘ค Speaker
56 total appearances

Appearances Over Time

Podcast Appearances

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

Yeah, we were.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

I mean, it's typically they stay separate.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

They only are together when there's a delivery.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

But in this situation, they had apparently gone to Mexico together and were coming back together.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

They did not stint on their efforts.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

They spent thousands of hours in their cars watching these people and building up evidence for the indictment.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

It really was an incredible effort.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

One of his lieutenants had gone to New York and was getting ready to board a plane to China.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

And so we asked the New York authorities to arrest that guy.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

And because of that, we were concerned that Tsai Chang might also be planning to leave the country.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

And so we determined that we better arrest him as well.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

You know, I get asked that question a lot and it does make a dent.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

And it's not exactly whack-a-mole because now they have to develop another network to distribute the funds that they're getting from the narcotics traffickers.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

And on top of that, they owe the money that they lost to the cartel and they have to make good on that.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

I think it's the tip of the iceberg.

The Journal.
Drug Cartels' New Weapon: Chinese Money Launderers

I think there's a ton more going on.

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