US bank ruse nets drug cartel's cash
Saturday 17 December 1994
With approval from the British government the Drug Enforcement Agency and the Internal Revenue Service started "Operation Dinero" in 1992 with the aim of pretending to launder money from the Cali cartel, which produces much of the cocaine sold in the US.
Thomas Constantine, head of the DEA, said yesterday: "This is the first time we've ever gotten to the level of operating a secret offshore bank that they [the Cali cartel] felt very comfortable with." He said the operation showed the international connections of Cali, including Italian organised crime.
As a result of Operation Dinero some 58 people are under arrest in the US, Italy and Spain, including Paquale Locatelli, a leading Italian criminal who had escaped from prison in France by helicopter.
The assets seized included Picasso's Head of a Baker, Rubens' St Paul and a portrait of a man by Sir Joshua Reynolds whom agents said they were unable to indentify. The net criminal profits from the US drugs trade is put by the State Department at $20bn and is regarded by experts as unstoppable.
- 1 Kylie Jenner challenge: Bizarre lip suction device inspired by Kardashian sister goes viral
- 2 Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
- 5 Giorgio Armani criticises the way some gay men dress saying 'a man has to be a man'
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
£14000 - £18000 per annum: Recruitment Genius: An Office Administrator is requ...
£12000 - £40000 per annum: Recruitment Genius: Due to expansion and growth of ...
£40000 - £50000 per annum: Ashdown Group: Senior PHP Developer position with a...
Negotiable: Recruitment Genius: An Operations Leader is required to join a lea...