Investigators Can’t Find “A Single Dollar” Of El Chapo’s Billion Dollar Fortune
In recent days, Republican Senator Ted Cruz has proposed that the country should use drug lord Joaquin “El Chapo” Guzman’s drug proceeds to build the wall that President Donald Trump wants to build along the Mexican border. Though this call (known as the “El Chapo Act”) is unlikely, it may be impossible anyway. Investigators have not been able to recover “a single dollar” of El Chapo’s supposed $1 billion fortune, according to reports.
The Times reports:
El Chapo escaped from two high security prisons before being extradited to the US in January this year. Raul Cervantes, the Mexican attorney general, said that it was almost impossible to trace where his fortune had gone because he did not use any financial system.
Last year prosecutors in New York confirmed that they were seeking to recover up to $14 billion in assets should El Chapo be convicted. This figure was based on the Sinaloa cartel’s net earnings in the US from 1989 to the present day and is not thought to reflect his current net worth.
El Chapo is currently in Manhattan maximum-security prison awaiting trial. Be on the lookout for a new Netflix series depicting his life in the coming months.
Read here about how the Colombian government was looking to take all of Griselda Blanco’s property.