Matthew Cox

's got the largest fashion district in the world.

It's got the largest jewelry market in the world.

Well, all of these have been embroiled in repeated money laundering scandals.

And so when they did the raids in connection with Operation Fashion Police, they recovered like $75 million from one company.

My money's just boxed up everywhere.

where they're just buying clothing and materials and shipping that to Mexico.

They got $35 million out of a house in Bel Air.

They got tens of millions out of an apartment in downtown.

Well, that 2014 operation resulted in the loss of nearly $100 million, but more importantly, it dismantled a lot of the Mexican infrastructure.

So now, who were the last guys standing?

The Chinese.

So suddenly, the Chinese black market payslip exchange became much more important because the Americans are drawing too much heat.

You can't be taking nine-figure losses while paying twice as much.

Whereas all you can do is take the money, put it in a Toyota Camry, drive it to the border and give it to the Chinese in Guadalajara.

Let them take care of it for half the price.

And you don't have to worry about the Americans raiding, you know, the vendors that they were surfacing the capital through.

That's right.

Justice Department officials in Los Angeles have accused Chinese underground banking network of partnering with the Sinaloa cartel to launder money.

Sinaloa drug proceeds.

Now, here's the twist.