politics

Authorities Haven’t Found “One Dollar” Of El Chapo’s Billions, But They Did Get His Right Hand Man

Credit: LatinContent / STR / Getty

Drug dealers may amass a ton of cash, but the odds of them putting their money in a traditional bank are very low. Authorities searching for the illicit fortune of Joaquin “El Chapo” Guzman, the notorious former Sinaloa Cartel leader, have so far been able to find exactly zero dollars, NBC News reports.

In an interview with Televisa, Mexican Attorney General Raul Cervantes said, “U.S. authorities have not found not even one dollar of El Chapo’s assets.”


Cervantes also admitted that Mexican authorities have found only “few assets” of El Chapo because he did not use the “financial system.” In order to locate El Chapo’s funds, which have been hidden by organized crime, Cervantes indicated it would take the combined efforts of authorities from Mexico, the United States, and Colombia.

U.S. authorities believe El Chapo’s cumulative net worth to be in the billions.


As mitú reported, authorities, as well as politicians, have their eyes on El Chapo’s alleged fortune. Texas Senator Ted Cruz recently suggested that President Trump’s proposed border wall could be paid for by the former cartel leader’s supposed fortune, which he estimates to be nearly $14 billion. However, Forbes reported that there are experts that believe that $14 billion is an unrealistic number. Money seized from drug fortunes is usually earmarked for the U.S. Treasury.

Although his money appears to be safe, El Chapo’s organization was dealt a heavy blow. Recently, Mexican authorities captured El Chapo’s “right hand man,” Sinaloa cartel leader Damaso Lopez, CBS reports.


Lopez, who was one of the men involved in Guzman’s escape from prison in 2001, is being eyed for extradition to the U.S., Televisa reports. In 2011, Lopez was charged with cocaine and money laundering-related charges by a grand jury in Alexandria, Virgina. The charges could put Lopez in prison for life if he is extradited.

Since Guzman’s recent arrest, 51-year-old Damaso Lopez has struggled against El Chapo’s sons for control of the Sinaloa Cartel’s territories, Reuters reports.


According to CBS News, former chief from the U.S. drug Enforcement Agency Mike Vigil said, “This [arrest] is a big deal because it may stave off an internal war within the Sinaloa cartel. This could have easily gone into a full-scale war, which could have translated into massive casualties and violence in Mexico.” Others, however, are skeptical the violence will dissipate anytime soon.

Business Insider reports that while the Sinaloa has been locked in an vicious internal struggle, the Jalisco New Generation Cartel, which formed in 2010 as an offshoot of the Sinaloa cartel, is the currently the fastest growing cartel in Mexico.

Read: Ted Cruz Just Went After This Cartel Leader To Get Funds For Trump’s Wall

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White House Decides To Celebrate Cinco De Mayo A Day Early And Social Media Isn't Having It

politics

White House Decides To Celebrate Cinco De Mayo A Day Early And Social Media Isn’t Having It

PBS NEWS HOUR / YOUTUBE / MEME CRUNCH

Yesterday The Hill reported that President Trump would break with tradition by not hosting the White House’s annual Cinco de Mayo celebration. Last year, the event was hosted President Obama, who treated 500 guests to food from celeb chef Johnny Hernandez and the music of Maná. President Trump is instead visiting with Australia’s Prime Minister Malcolm Turnbull in New York to honor the Battle of the Coral Sea, a fight that saw Australian and U.S. soldiers fighting Japanese pilots.

Instead of hosting the Cinco de Mayo party, President Trump will be in New York for Cinco de Mayo, where the best taco bowls are made.


“I love Hispanics!”

Fear not! Vice President Mike “Party Animal” Pence will instead host the Cinco de Mayo festivities.

PBS NEWS HOUR / YOUTUBE

Politico reports that the event will take place in the Indian Treaty Room in the Eisenhower Executive Office, which is located next to the West Wing of the White House.

However, the Cinco de Mayo celebration will take place on May 4th, rather than the actual day.

OBLIVION / UNIVERSAL PICTURES

It’s definitely an odd choice to celebrate a holiday on the wrong day. If the White House can do it, I should be able to celebrate Christmas any day I want. But it’s like they say, “It’s always Cinco de Mayo somewhere.”

Social media scratched its head at the announcement of Mike Pence as host on May 4th.


To many, Pence doesn’t seem like the right guy for the job.


Some people joked about whether or not Mike Pence knows what Cinco de Mayo is.


They questioned how terrible the buffet might be.


A few questioned the ethical problems this holiday posed for the administration.


Others were just…


…at a loss for words. If you can’t say something nice.

Politico reports that the event was likely prepared last minute, as multiple attendees said they received their invites earlier this week.

Read: First Cuban-American Elected to Congress Set to Retire After Three Decades of Service

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