Matthew Cox

In Tijuana.

Well, this was 2021.

After the COVID pandemic.

And so, yeah, so he gets caught crossing the border.

Prior to this, there was plausible deniability on the Chinese part.

Well, they're like, hey, we're just buying cash.

No, no, you actually went to Sinaloa.

You knew whose money it was.

And in the span of a two-year period,

That guy alone was $50 million.

That's just one network.

Now imagine dozens of networks all up and down the West Coast.

They've completely disrupted the Vancouver real estate market, the San Francisco real estate market, their entire pockets of Los Angeles that are now predominantly Chinese.

Where people aren't actually living in the houses.

Right.

They're just buying property in San Marino.

They're buying property in Arcadia.

Now, the reason why this particular model has taken off is because the Chinese money launderers in Los Angeles are charging 1%.

The one that got busted was charging 0.5%, half of 1%.

because they don't need to make money on the front end with the Mexicans.