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For the Global Thinker

Friday, February 22, 2013

Cocaine Incorporated

Inside the Sinaloa Cartel...fascinating...

Excerpt:

In 2005, the Flores twins were flown to a mountaintop compound in Sinaloa to meet with Chapo Guzmán. The kingpin is an intimidating interlocutor; one criminal who has negotiated with him face to face told me that Chapo tends to dominate a conversation, asking a lot of questions and compensating for his short stature by bouncing on the balls of his feet. But the meeting went well, and before long, the brothers were distributing around two tons of Sinaloa product each month. 

As preferred customers, they often took Chapo’s drugs without putting any money down, then paid the cartel only after they sold the product. This might seem unlikely, given the pervasive distrust in the underworld, but the narcotics trade is based on a robust and surprisingly reliable system of credit. In a sense, a cartel like Sinaloa has no choice but to offer a financing option, because few wholesale buyers have the liquidity to pay cash upfront for a ton of cocaine. “They have to offer lines of credit,” Wardrop told me, “no different from Walmart or Sears.”  

READ FULL ARTICLE HERE...

Update...
No Word on Mexican drug lord Guzman after gun battle in Guatemala...

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