How Mexico Awarded $30 Million to Juarez Cartel Operator

INSIGHT CRIME — A former executive of the Bank of Mexico received government contracts worth over $30 million despite his conviction years earlier of being a financial operator for the Juarez Cartel.

Four boxes stuffed with 37,000 twenty-dollar bills had been deposited into a black Ford Ecosport truck parked near the intersection of Ave. Universidad and Eje 5 Sur.

The wad of bills, which weighed more than 30 kilos, added up to a fortune: $740,040. But that is just one of the million-dollar transactions the truck’s driver presumably carried out via his currency exchange office as part of a sophisticated money laundering network for the Juarez Cartel.

This article was originally published by Artistegui Noticias in collaboration with CONNECTAS and the International Center for Journalists. It was translated, edited for clarity, and reprinted with permission, but does not necessarily reflect the views of InSight Crime. See the Spanish original here.

One by one, the cardboard boxes were taken out of a grey compact car belonging to Juan Ignacio Izquierdo Sánchez, identified by

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