The Mexican Drug cartels are laundering drug & extortion money through buying & selling construction equipment in the U.S. Tuesday, October 23, 2012 In my opinion, PHOENIX, ARIZONA -- The Mexican drug cartels are buying for $cash$, brand new and used heavy duty construction equipment. Then they’re selling the pieces of equipment to laundry their drug and extortion money in the Southwest. Some large auction houses have safety nets in place to detect such sales but there are a lot of smaller auction companies that don’t care where the cash comes from. According the Drug Enforcement Administration, (DEA) the Mexicans buy everything from “tractors, backhoes, water tankers and other pieces” brand new and used they pay cash for each item. Then they sell each piece of equipment at a loss just to gain clean fresh laundered money. It’s all free money to the Mexican’s anyway so they don’t care if they lose a few narco bucks. When the cash is laundered through the sales then they can wire the cash through the U.S. banks back to the Mexican drug cartel leaders or anywhere they want. The cartels take their bloody drug money and make it into sterile clean money that they can use anywhere in the world legally with no traces, no hassles just cold hard cash to purchase anything they want like friends, weapons boats or aircraft. Or create their own military forces, terrorists cells or fund their own al Qaeda boot camps. (Like they don't already.) It’s a sweet deal for the drug cartels and for the American companies who are buying the construction equipment because they pick it up cheap and resell it at a hefty profit. “An active DEA agent explained how the cartels are using heavy equipment in their efforts to turn drug money into clean money. A cartel operative will buy construction equipment for cash. Using a straw seller, they send the equipment to an auction. The transaction usually involves a loss, but that's the price of doing business, according to the agent.” “Because the money can now be traced to a legitimate business transaction, it can also be wired across the border to Mexico through the banking system. DEA agents say converting drug proceeds to usable cash can be as easy as buying, then selling a tractor.” Retired DEA agent Phil Jordan said, "The original investment was narco dollars," "And now they washed it and at the end of the line it comes out clean." SOURCE: Drug cartels laundering money with construction equipment http://www.kpho.com/story/19898119/drug-cartels-laundering-money-with-construction-equipment .