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Latin Times
Latin Times
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'El Mayo' Zambada Agreed To Forfeit $15 Billion, But Most Of It Will Be Impossible To Recover: Report

El Mayo Zambada (Credit: TXJS)

Sinaloa Cartel co-founder Ismael "El Mayo" Zambada pleaded guilty to drug-trafficking charges on Monday and accepted to forfeit $15 billion in assets, but experts in asset forfeiture say going after the full figure would be absurd, according to a new report.

Bloomberg noted that the U.S. is unlikely to recover more than a fraction, noting that seizing assets like real estate in Mexico is highly difficult. Moreover, criminal organizations tend to employ what the outlet described as sophisticated methods to store their wealth, ranging from properties to cryptocurrencies and legitimate businesses.

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