Things That Matter

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

Former Sinaloa drug cartel leader Joaquín “El Chapo” Guzmán’s net worth has been the stuff of legend for years. While the exact amount has not been confirmed, in 2009, Forbes reportedly put his net worth at over a billion dollars. It appears Senator Ted Cruz has been paying attention to the reports. He recently introduced the “El Chapo Act,” which would seize the assets of Chapo, which Cruz estimates at $14 billion, to pay for the Trump’s wall.

Senator Cruz appeared on morning show “Fox & Friends” to explain the “El Chapo Act” to the hosts.


During the short segment, Senator Cruz explained that the best way to pay for the wall was by seizing El Chapo’s fortune.

“The estimates are that his criminal fortune is roughly worth about $14 billion dollars. Now, coincidentally, the estimates for the cost to build the wall range from $14 to $20 billion dollars. And so my legislation provides that if those assets are forfeited, those assets from El Chapo, will go directly to building a wall and securing the border.”

The hosts called Cruz’s act “genius” because it would “indirectly” force Mexico to pay for the wall. Cause you know, drug dealers are inherently Mexico.

While it is a convenient figure, where Senator Cruz got the $14 billion dollar figure remains a source of contention.


As Dolia Estevez reported for Forbes back in January, the Department of Justice wanted to seize $14 billion from El Chapo, a figure for which they could provide no hard evidence for at the time. Former Drug Enforcement Administration CEO David Gaddis, as Forbes reported, said that number was “a cumulative figure” that was “based on his drug trafficking enterprise.” However, other experts interviewed for the article, said that while El Chapo was likely still a billionaire, $14 billion was “too high” of an estimate.

Senator Cruz also addressed concerns about El Chapo’s net worth during his brief segment.

GAGE SKIDMORE / FLICKR

Though he didn’t provide any data to back up his figures, Senator Cruz assured the viewers that El Chapo’s assets were there. When asked, “how can you secure his assets? I mean, does [El Chapo] have this in a bank account – $14 billion dollars?” Cruz responded, saying:

Well, [the assets] are scattered worldwide. But the government right now has extradited El Chapo from Mexico – is proceeding with a criminal prosecution. The first step is to convict him. Once he is convicted, the government is seeking the forfeiture of $14 billion dollars, and the government will go and prove where the assets are.

Senator Cruz then went on to explain to the hosts of “Fox & Friends” where money seized from cartel leaders would normally go.

FOX AND FRIENDS / FOX NEWS CHANNEL

Senator Cruz explained that his Act would ensure that future funds seized from cartels would go to border security, saying:

“Ordinarily that money goes to the treasury for certain specified uses – border security is not among those uses. So my legislation is very simple. It says that El Chapo’s assets, and for that matter, any other drug cartel whose assets are forfeited – there money would go to building the wall and keeping the border secure for the country.”

After the announcement of his Act, Twitter users took sides. Those who supported it couldn’t get enough of the sweet irony of having Mexican cartel leaders pay for border security.


The sentiment on the pro-Cruz side saw the “El Chapo Act” as a way to hit the cartels where it hurt while not taking any cash out of the taxpayer’s pockets.

While using the cartel leader’s funds to build a wall provides a nice twist of irony, many people were quick to point out that the money could be better spent.


Aside from allocating funds for underfunded programs in the U.S., many were skeptical the government could even find the funds it claims El Chapo has.

So what do you think about the “El Chapo Act”?


[H/T] Forbes: Does Mexican Drug Lord El Chapo Guzmán Have The $14 Billion The U.S. Wants From Him?

Read: El Chapo Says Solitary Confinement Is Affecting His Mental And Physical Health

How would you spend that money? Leave a comment below to let us know!

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El Chapo’s Wife Turns Herself In After Being Charged With Drug Smuggling and Trying to Break Him Out of Jail

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El Chapo’s Wife Turns Herself In After Being Charged With Drug Smuggling and Trying to Break Him Out of Jail

Photo via Getty Images

They say art imitates life, but sometimes, it’s the other way around. Once in a while, the news seems like it’s simply replaying scenes from La Reina del Sur. Especially the latest update on El Chapo’s wife.

On Monday Emma Coronel Aispuro, the wife of Joaquín “El Chapo” Guzmán, turned herself into the United States FBI on charges of international drug trafficking.

The U.S. authorities are charging Coronel with helping Guzmán smuggle drugs across the border, break out of prison, and bribe corrupt officials. According to anonymous officials, the U.S. authorities have had their eye on her for a while now.

For years, El Chapo’s wife Emma Coronel has insisted that she had nothing to do with her husband’s illegal activities. Because she always maintained her innocence, the former teen beauty-queen was able to keep a high profile since her husband was imprisoned in 2019. She was active on social media, gave interviews to news outlets, and even appeared on a reality series.

Coronel was born in San Francisco, but grew up in Mexico near El Chapo’s “territory”.

Her father was a prominent member of El Chapo’s cartel, and according to experts, she “grew up with knowledge of the narcotics trafficking industry.” She married Guzmán when she was 18-years-old. He was 50. Her and Guzmán have 9-year-old twin daughters together. As of now, the girls’ whereabouts are unknown.

According to official documents, the FBI has evidence that Coronel was a liaison between El Chapo and his sons, “Los Chapitos” when they were planning his notorious prison escape in 2015. Coronel also stands accused of acting as a messenger and negotiator for payments to corrupt authorities.

As of now, people are speculating that Coronel turned herself in in exchange for leniency.

“Her attorney at sentencing is going to argue, ‘She took it upon herself to face charges,’ she didn’t make the government go out and arrest and extradite her,” an anonymous source told Vice. “She came out of Mexico. It would have been quite a process to get her extradited.”

According to reports, Colonel faces 10 years to life in prison, and a fine of up to $10 million USD.

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Sen. Ted Cruz Makes Quick U-Turn From Mexico After Outrage He Abandoned His Frozen Texas

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Sen. Ted Cruz Makes Quick U-Turn From Mexico After Outrage He Abandoned His Frozen Texas

Sen. Ted Cruz has faced a series of outrages since being accused of helping to incite the insurrection on the U.S. Capitol on Jan. 6. The latest problem plaguing Sen. Cruz is his trip to Mexico while his constituents in Texas freeze during an extreme weather event.

Sen. Ted Cruz was caught boarding a flight to Mexico as Texans are left freezing.

Texas is being slammed with a historic extreme winter weather storm. Hundreds of thousands of Texans are without power for the fifth day in a row while the senator from Texas was heading off to Cancun. Critics are angered that Sen. Cruz would leave the state while his constituents are forced to boil water to survive one of the worst winter storms on record.

Politicians are calling Sen. Cruz out for leaving his constituents during a natural disaster.

The Castro brothers are speaking up as well. Texans are dying from the extreme weather after the power grid was overloaded from sudden demand. The power outages have lasted for multiple days and the death toll continues to climb from the freezing temperatures. So far, 24 people have died from the winter storm.

Part of the problem is that Texas has their own power grid separated from the rest of the nation in an attempt to avoid federal regulations. The decision was made in the 1930s after President Franklin Delano Roosevelt passed the Federal Power Act. This allowed the federal government to oversee interstate electricity sales. However, Texas utilities did not cross state lines. This created an electricity island.

People are not letting the trip go unnoticed.

The Electric Reliability Council of Texas (ERCOT) is responsible for overseeing the power grid and officials had a grim revelation about the power outages. On Tuesday, ERCOT CEO Bill Magness addressed the media about the power outages.

“We needed to step in and make sure that we were not going to end up with Texas in a blackout, which could keep folks without power — not just some people without power but everyone in our region without power — for much, much longer than we believe this event is going to last, as long and as difficult as this event is right now,” Magness said about the call to cut power to some customers as the icy conditions settled in on the area.

He further explained that some of the power outages could last for an undetermined amount of time.

This is not the first time Texas had weather-induced power outages because of winter weather. The state saw the same situation on a smaller scale play out in 2011. The winter storm in 2011 knocked out power across the state and yet Texas officials did not follow suggestions to prevent the current crisis.

A report from the Federal Energy Regulatory Commission and the North American Electric Reliability Corporation called on Texas to “winterize” their energy infrastructure. The report highlights how the current infrastructure was not ready to take on the weather it experienced in 2011 and, according to The Texas Tribune, Texas didn’t heed the warning.

On Tuesday, 60 percent of Houston businesses and households remained without power because of the weather.

Sen. Cruz quickly booked a return flight to Houston after the outrage.

Facing mounting anger over his warm escape from Texas, Sen Cruz quickly U-turned back to Houston. He claims to have been accompanying his daughters to Mexico and not going on the vacation himself.

A flurry of tweets about the situation show a growing number of people who are skeptical of the senator’s statement. Ted Cruz was photographed with luggage both in Texas and coming back through the Cancun airport. The luggage has set off a debate about whether or not Sen. Cruz honestly went to Mexico to drop his daughters.

READ: Sen. Joe Manchin Calls On Senate To Expel Sen. Ted Cruz After Insurrection

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