Sinaloa Cartel laundered $50M through Chinese network in Los Angeles, prosecutors say
A multi-year investigation by U.S. officials revealed an alleged alliance between one of the world’s most pervasive drug cartels and an underground Chinese banking group in Southern California that laundered money from drug trafficking proceeds, federal prosecutors said Tuesday. Associates of Mexico’s Sinaloa Cartel conspired with a money-transmitting group linked to an underground banking system…