US EditionLatest Treasury target: Cartel crude oil smuggling in Texas, Southwest border
- On Thursday, the U.S. Treasury Department’s Office of Foreign Assets Control targeted several Mexican individuals and organizations linked to the Cartel Jalisco Nueva Generacion involved in illicit crude oil theft and trafficking operations in Texas and the southwestern border region.
- This action follows the Trump administration's February designation of CJNG and other Mexican cartels as Foreign Terrorist Organizations and Specially Designated Global Terrorists due to their involvement in drug trafficking and fuel theft networks.
- Crude oil smuggling, known as huachicol, is carried out by huachicoleros who steal fuel from Mexico's Pemex by bribery, illegal taps, and hijacking trucks, facilitating widespread violence and corruption.
- Investigations show stolen crude oil is smuggled into the U.S. Labeled as waste oil or hazardous material, sold at a discount to refineries nationwide and abroad, generating about $5 million per tanker shipment, often without buyers' knowledge.
- This crackdown aims to disrupt cartel revenue streams, sustaining illicit global operations, while an official alert urges U.S. Financial institutions to detect and report suspicious activities related to crude oil smuggling.
Insights by Ground AI
Does this summary seem wrong?
55 Articles
55 Articles
All
Left
7
Center
7
Right
10
Utah Family Charged for $300 Million Stolen Pemex Crude Oil Smuggling Scheme with CJNG Cartel
"Socalj" for Borderland BeatA Utah family who owns a large oil importation company in Texas is making headlines after being arrested and indicted on federal charges in connection with a scheme to smuggle crude oil from Mexico into the United States.James Lael Jensen and his wife Kelly were booked into the Salt Lake County Jail after authorities executed an arrest warrant at their $9.1 million mansion. The couple is accused of conspiring to smugg…
Coverage Details
Total News Sources55
Leaning Left7Leaning Right10Center7Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 29%
C 29%
R 42%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
