Saturday, November 23, 2024
HomeNewsMexican Drug Lord linked to 5.5 ton-cocaine bust

Mexican Drug Lord linked to 5.5 ton-cocaine bust

Six months ago, the LAPD was telling reporters the decapitated head found underneath the Hollywood Sign was the result of a "gay lovers triangle." 

Six months later, they were still pursuing the gay "thing," only instead of a gay boyfriend in Hollywood, their chief suspect was the now-notorious Canadian Cannibal.  Their efforts at disinformation were successful, and widely disseminated.

But it also created a teachable moment about the Mexican drug war.  The reason for all the disinformation about Hervey Medellin’s head, found beneath the Hollywood Sign in January 2012, has to do with the identity of Medellin’s longtime boss:

Jose Serrano Segovia is one of Mexico’s wealthiest oligarchs. He owns Mexico’s biggest shipping line, whose fleets of cargo ships,  trucks and planes bring goods from Central and South America into the U.S.  He even owns a railroad, that goes all the way to Kansas City.

And he is known as one Mexico’s biggest Drug Lords.

In APRIL 1998 The Wall Street Journal revealed that the FBI was investigating Jose Serrano Segovia for drug trafficking and money laundering,  after a huge shipment of cocaine from Colombia was found on one of his cargo vessels.

The next year, Serrano hired a lobbying firm to block a bill in Congress which aimed to impose sanctions on companies linked to drug trafficking. And even though a top staffer to Republican Senator Richard Shelby resigned in protest, the effort was successful.

Much more recently, Hervey Medellin‘s boss was connected with the American drug trafficking operation in St Petersburg which was exposed when 5.5 tons of cocaine were found on an American-registered DC9.

The company that owned the busted DC9, Skyway, was itself owned by its biggest shareholder, a shady investment bank in Texas called  Argyll Equities.   Argyll was said in the business of providing “creative financial solutions globally,” which can look a lot like money laundering.

One of Argyll’s creative financial solutions was arranging a a $17 million “loan”  to Mexican” businessman” Jose Serrano Segovia’s shipping line,  Grupo TMM.

 

Daniel Hopsicker
Daniel Hopsickerhttp://www.madcowprod.com
Daniel Hopsicker is an investigative journalist and the author of two books on transnational crime, Welcome to Terrorland and Barry & the Boys.
RELATED ARTICLES

3 COMMENTS

  1. I attended this, and your name was mentioned. — Roy Birchard, San Francisco Fellowship of Reconciliation
     
    Oakland, CA: Ending the War on Drugs: People's Movement Assembly
     
    End U.S. Military Aid to Colombia
     
    This event is sponsored by FOR
     
    Sunday, June 17, 12:30 PM – 9:00 PM
     
    Humanist Hall
    390 27th Street, between Telegraph and Broadway
    Oakland
     
    Contact information:
    http://www.newdrugpolicy.com to register online. Further information: 510-282-8983
     
    The “War on Drugs” is fracturing families, damaging children, stigmatizing people, fueling violence, and damaging communities. Join us for a day long community gathering where together we will develop ways to end the war on our communities and invest in people instead of prisons.
    SAVE LIVES, PROTECT FAMILIES, STRENGTHEN COMMUNITIES!
     
    Community speak-out, working groups, and a panel of speakers including John Lindsay-Poland (FOR), Dorsey Nunn (All of Us Or None), David Moss (ACLU-Northern California), Vylma Ortiz (National Lawyers Guild) and others.
     
    SCHEDULE
    9:30 – Coffee and refreshments
    10:00 – Welcome and opening
    10:30 – Community Speak-­Out
    11:30 – Plenary: The Drug War at Home and Abroad
    1:30 – Community Lunch Break
    2:30 – Working Group Session
    4:30 – Working Group Plenary
    5:30 – Next Steps & Closing
     
    Sponsored by End Prohibition in California (EPIC), which includes organizers from Break the Chains; ACLU-NC, Fellowship of Reconciliation; SOA Watch, Drug Policy Alliance; East Bay Social Forum; and others.
     

Comments are closed.

Most Popular

Recent Comments

Richard Yount on Keeping Mad Cow Alive
John Marden on The Wolves of Wall Street
josey carreiro on The Wolves of Wall Street
David A Howard on The Wolves of Wall Street
Chris Fogarty on BUT ME NO BUTTIGIEG’S
Chris Fogarty on BUT ME NO BUTTIGIEG’S
BThePrisoner on BUT ME NO BUTTIGIEG’S
Peruvian Marchingpowder on 140 Days After the Perfect Crime
Gayle Washburn on CONTAINER SHIP CRIME WAVE!
Chris Williams on Is JPMorgan the ultimate plug?
Teresa A Bacon on I Come Back with News
notjonathon on I Come Back with News
Philip Zozzaro on I Come Back with News
revtombrown on I Come Back with News
Bob In Portland on We Get Letters
riley on We Get Letters
David Koski on Jada & ‘the boys’
Mark Winchester Sr. on Jada & ‘the boys’
notjonathon on Jada & ‘the boys’
jo henrion on Jada & ‘the boys’
mike smith on Contact Us
Tim Landry on email
Florida on Oleg & Me
Jim Mayhew on Marc Harris Behind Bars
King Kangaroo on What is plagiarism?
King Kangaroo on What is plagiarism?
King Kangaroo on What is plagiarism?
King Kangaroo on What is plagiarism?
King Kangaroo on What is plagiarism?
King Kangaroo on What is plagiarism?
King Kangaroo on What is plagiarism?
Rob Macfarlane on What is plagiarism?
DEDSTIK on What is plagiarism?
King Kangaroo on What is plagiarism?
Kent Andrews on bushfellas
Neil Pearson on Contact Us
mat burk on Contact Us
John M Gretchko on Donald Trump, Banana Republican
Lamont Cranston on Donald Trump, Banana Republican
John M Gretchko on Donald Trump, Banana Republican
TIM SHERRILL on PIRATES OF THE CARIBBEAN
Deborah D Dulude on Tim Kaine’s Unlikely Biography
Deborah D Dulude on Tim Kaine’s Unlikely Biography
Anthony McArthur on Tim Kaine’s Unlikely Biography
Withheld for personal safety on 2016 election decides who controls the drug trade
Withheld for personal safety on 2016 election decides who controls the drug trade
Larry Brungardt on Marc Harris Behind Bars
Larry Brungardt on Marc Harris Behind Bars
Fed Hopsicker will delete this on THE STORY OF 9/11 IS A STORY ABOUT SAUDIS IN FLORIDA
Digitus Impudicus/Palmer Eldritch on Did Tom Cruise helicopter clip doomed ‘Mena’ plane?
george Archers on Jeb Bush’s 9/11 problem
Herr der Elf on Jeb Bush’s 9/11 problem
darkwhistle on Jeb Bush’s 9/11 problem
TheHolyCrow on Jeb Bush’s 9/11 problem
Ortaine Devian on Jeb Bush’s 9/11 problem
Ortaine Devian on Jeb Bush’s 9/11 problem
Wendy Painting, PhD on Archive
Etta Redinsfier on A Muckrakers Life, Interrupted
Ron, from australia on A Muckrakers Life, Interrupted
Christian Gains on A Muckrakers Life, Interrupted
Gary Sandritter on A Muckrakers Life, Interrupted
c coaler on “Hatto’s” List
Roger Mills on Archive
Doug Fisher on Archive
Chris Sapp on Archive
Trevor on 77
Mike on radaris
Lyle Grosjean on “I AM JULIAN ASSANGE!”
Thomas S. Bean on The Real American Desperadoes
Thomas S. Bean on The Real American Desperadoes
Thomas S. Bean on The Real American Desperadoes
Thomas S. Bean on The Real American Desperadoes
Thomas S. Bean on The Real American Desperadoes
Frank Di Bello on The Real American Desperadoes
California Granny on The Real American Desperadoes
ted rubinstein on The Real American Desperadoes
ted rubinstein on The Real American Desperadoes