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US Treasury Imposes Sanctions On La Nueva Familia Cartel Leaders

Traders react after the closing bell on the floor of the NYSE in New York

Two leaders of the La Nueva Familia Michoacana drug cartel, indicted in 2017 for conspiring to import and distribute heroin in the U.S., are facing financial sanctions imposed by the U.S. Treasury. The fugitives, believed to be residing in Mexico, have been identified as 59-year-old Rodolfo Maldonado-Bustos, also known as Don Jose, and 51-year-old Euclides Camacho-Goicochea, also known as El Quilles.

The Department of Justice (DOJ) revealed that the charges against Maldonado-Bustos and Camacho-Goicochea include conspiracy to possess with the intent to distribute heroin, conspiracy to import heroin into the U.S., and conspiracy to launder monetary instruments. The indictments, returned by a grand jury in 2017, were recently unsealed.

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