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Latin Times
Latin Times
Politics
Pedro Camacho

Former DEA Agent Details Challenge of Uncovering El Mencho's Hidden Wealth, Estimated to Reach $1 Billion: 'It's So Diversified'

DEA CJNG New Generation Cartel United States Jalisco Mexico

Nemesio "El Mencho" Oseguera Cervantes died during a military operation in Tapalpa, Mexico, leaving behind a criminal enterprise Mexican officials once estimated held roughly $50 billion in assets.

While the broader Jalisco New Generation Cartel (CJNG) controlled vast revenue streams, U.S. authorities had previously estimated El Mencho's personal fortune at between $500 million and $1 billion. Former U.S. investigators, however, say identifying and seizing those assets will be complex.

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