A secret memo obtained by The Associated Press details a covert operation by the US that sent undercover operatives to surreptitiously record and build drug-trafficking cases.
Tabor, who would not confirm the existence of any such operations, said unilateral, covert actions can be an effective tool when conducted with proper limits and accountability, particularly in a country like Venezuela, where the blurred lines between the state and criminal underworld have made it an ideal transit point for up to 15% of the world’s cocaine.
It marked an aggressive expansion of “Money Badger,” which the DEA and prosecutors in Miami created in 2013 and would go on to investigate around 100 Venezuelan insiders, according to two people familiar with the operation who spoke on the condition of anonymity to discuss law enforcement details.
By authorizing otherwise illicit wire transfers through U.S.-based front companies and bank accounts, the DEA aimed to unmask the Colombian drug traffickers and corrupt officials leveraging Venezuela’s tightly controlled foreign currency exchange system to launder ill-gotten gains.
Since Democratic President Joe Biden took office in 2021, his administration has rolled back sanctions and brought few new prosecutions of Maduro insiders as the Justice Department’s attention has turned to Russia, China and the Middle East.
The Biden administration has also sought to lure Maduro back into negotiations with the U.S.-backed opposition, threatening to re-impose crippling oil sanctions if the OPEC nation doesn’t abide by an agreement to hold fair and free elections this year.
As part of that undeclared race, the DEA Miami Field Division’s Group 10 recruited a dream informant: a professional money launderer accused of fleecing $800 million from Venezuela’s foreign currency system through a fraudulent import scheme.
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Tabor, who would not confirm the existence of any such operations, said unilateral, covert actions can be an effective tool when conducted with proper limits and accountability, particularly in a country like Venezuela, where the blurred lines between the state and criminal underworld have made it an ideal transit point for up to 15% of the world’s cocaine.
It marked an aggressive expansion of “Money Badger,” which the DEA and prosecutors in Miami created in 2013 and would go on to investigate around 100 Venezuelan insiders, according to two people familiar with the operation who spoke on the condition of anonymity to discuss law enforcement details.
By authorizing otherwise illicit wire transfers through U.S.-based front companies and bank accounts, the DEA aimed to unmask the Colombian drug traffickers and corrupt officials leveraging Venezuela’s tightly controlled foreign currency exchange system to launder ill-gotten gains.
Since Democratic President Joe Biden took office in 2021, his administration has rolled back sanctions and brought few new prosecutions of Maduro insiders as the Justice Department’s attention has turned to Russia, China and the Middle East.
The Biden administration has also sought to lure Maduro back into negotiations with the U.S.-backed opposition, threatening to re-impose crippling oil sanctions if the OPEC nation doesn’t abide by an agreement to hold fair and free elections this year.
As part of that undeclared race, the DEA Miami Field Division’s Group 10 recruited a dream informant: a professional money launderer accused of fleecing $800 million from Venezuela’s foreign currency system through a fraudulent import scheme.
The original article contains 1,764 words, the summary contains 255 words. Saved 86%. I’m a bot and I’m open source!