Resorts, mining and huachicol: The businesses that gave ‘Mencho’ a fortune of at least 500 million dollars
The article discusses the vast fortune acquired by Nemesio Oseguera Cervantes, known as 'El Mencho', through various illegal businesses, including drug trafficking, extortion, and money laundering.
Nemesio Oseguera Cervantes, infamously known as 'El Mencho', has left a controversial legacy following his death, where he amassed a fortune estimated between 500 million to 1 billion dollars through illicit means. The article draws parallels to the mythological Hydra, suggesting that even with the leader's death, the cartel's operations are likely to continue, with potential successors already identified by authorities. The Jalisco New Generation Cartel (CJNG), under his leadership, has become one of the most violent and prosperous criminal organizations in recent history.
The substantial wealth of 'El Mencho' was intricately linked to a wide array of criminal activities including drug production and sales, extortion, and various fraudulent schemes. U.S. authorities began tracking the considerable amounts of money generated by CJNG's illegal operations several years ago. In a complex operation, the money acquired through these activities was reportedly 'laundered' via a network of companies, allowing it to enter the legitimate financial system.
The current security secretary, Omar García Harfuch, noted the government's awareness of at least two potential successors to 'El Mencho', highlighting the continuing threat posed by the CJNG even after the departure of its leader. This situation raises questions about law enforcement's effectiveness in dismantling this powerful cartel and the complexities involved in funding and operating such a vast criminal empire, which continues to wreak havoc across Mexico.