A Utah oil tycoon couple, James and Kelly Jensen, have been arrested after a federal raid on their $9.1 million mansion. The couple is accused of smuggling at least $300 million worth of crude oil from Mexico and collaborating with Mexican cartels.
- The Jensens, owners of Arroyo Terminals in Texas, face charges of money laundering and conspiracy.
- Since May 2022, they allegedly conspired with their sons to smuggle nearly 2,900 shipments of oil.
- The oil was linked to businesses operating under Mexican criminal organization’s permission.
They have pleaded not guilty.
Tags #Business, #International, #Law
Lucem News Editor’s Opinion: It’s very difficult to see what business in Mexico is or is not impacted by drug cartels. Or any facet of the governent for that matter as well. For example, most avocados consumed in the US are grown in Mexico. It’s argued that drug cartels control avocado production in Mexico overall and particularly in specific regions like Michoacán. So is anyone buying avocados from Mexico working with drug cartels ? Is signing an agreement with the government of Mexico working with drug cartels ? Because the drug cartels exist and they have incredible amounts of money and influence, it’s difficult to tell what they do or do not control in Mexico.
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