Posted by DD Some material republished from Corta Mortaja.
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As reported in CortaMortaje ;
"As part of the strategy of the Government of the Republic to break the financial and operational structure of criminal gangs, groups of elite of the Federal Police and the Mexican Army, arrested in the city of Oaxaca to Juan Manuel Alvarez Inzunza, nicknamed 'El Rey Midas' ('King Midas), and identified as the main operator of money laundering criminal organizations led by Joaquin Guzman Loera and Ismael Zambada Garcia.
Coordination at the highest level of intelligence work and in the field, between the Federal Police and military elements, allowed them to locate this guy, who normally moved between the states of Sinaloa and Jalisco, but relaxed his circle of safety to vacation in the capital of Oaxaca state. The right moment to catch him was identified, and was carried out without the need for shots of firearms and without endangering other citizens.
Coordination at the highest level of intelligence work and in the field, between the Federal Police and military elements, allowed them to locate this guy, who normally moved between the states of Sinaloa and Jalisco, but relaxed his circle of safety to vacation in the capital of Oaxaca state. The right moment to catch him was identified, and was carried out without the need for shots of firearms and without endangering other citizens.
Allegedly Juan Manuel Alvarez, 34 years old, placed proceeds from illegal activities such as drug trafficking and extortion through a scheme of companies, currency exchange centers and and strawmen established mainly in Sinaloa and Jalisco, in which he may have laundered an estimated 300 to 400 million dollars a year, ie more than four billion dollars in the last decade."
"El Rey Midas" was arrested under a provisional detention order issued at the request of the Federal District Court in Washington so that he could be extradited for money laundering. Alvarez Inzunza's alleged laundering operations extended across Mexico's border into Colombia, Panama and the United States, authorities said. Research could also link him with an international money laundering network from cities like Tijuana, Culiacan and Guadalajara,
Alvarez was taken to Mexico City and turned over to the Attorney General's Office For Special Investigation of Organized Crime (SEIDO).
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