Matthew Cox

I was collecting money from the Russians and breaking a lot of things.

I didn't touch the people, but I had a friend of mine, big, big dude.

He was beating the people up.

And then in some point, one day, he didn't show up to work.

And I went to see him.

His door was open and he was shut.

And that was the kind of ring to me, the time to move on.

In Mexico, they don't look at a business plan as, is this going to make us money?

They look at it as, can we push money through here?

How you got $200 million in cash sitting in Mexico?

You gotta get that back to China.

In order for them to be able to start getting nine figures worth of cash back to China, the had to get involved.

Now, the reason why this particular model has taken off is because

Well, today we're discussing a novel circumstance that has revolutionized how drug cartels surface and launder their capital.

In particular, the advent of Chinese underground banking networks.

Drug trafficking organizations, like Sinaloa and Jalisco cartels, cannot make use of their profits without being able to surface the capital.

Back when I was active, before the Chinese became involved in laundering drug money for Mexicans, there was a couple of ways to get the drug proceeds back to Mexico or to Colombia.

Sinaloa Kingpins came together in 1987 to form a collective.

The Sinaloa Collective became operational as a standalone cartel in 1989 after the arrest of Miguel Feliz Gallardo and the collapse of the predecessor Guadalajara Cartel.

Los Angeles was adopted by the Sinaloa leadership as the American base of operation.