Press Releases 08
Treasury Names Mexican Associates and Front Companies
Tied to Methamphetamine Trade
Statement by Ambassador Antonio O. Garza
Mexico City, October 2, 2008 - “This morning the U.S. Treasury
designated six Mexican companies and ten individuals associated
with the production and trafficking of methamphetamine in
Mexico and the United States. These people and enterprises
are now subject to economic sanctions under the 1999 Foreign
Narcotics Kingpin Designation Act.
“While brothers Jose de Jesus and Luis Ignacio Amezcua Contreras
are imprisoned in Mexico, the organization they created continues
to produce methamphetamine and destroy lives in Mexico and
the United States. Two of the persons named in today’s action,
Jaime Arturo Ladino Avila and Jose Gerardo Alvarez Vazquez,
are under federal indictment in the United States. Another,
Telesforo Baltazar Tirado Escamilla, is the majority owner
and General Director of Pharmaceuticals Collins, a major company
in Jalisco that has diverted methamphetamine precursors to
the Amezcua Contreras Organization.
“These individuals and companies will now begin to pay the
price for their involvement in the drug trade. The people
and organizations listed today will see their assets in the
U.S. blocked. U.S. companies and individuals face fines up
to $10,000,000 and jail terms of 30 years for dealing with
entities designated under the Kingpin Act. With cooperation
from Mexican authorities we will seek the extradition of those
individuals under indictment in the U.S. Working together,
we will continue to make progress in the fight against narcotrafficking
and organized crime.”
For the complete listing of Mexican companies and individuals
designated today, and more information about the Foreign Narcotics
Kingpin Act, please click the following links:
OFAC press release: http://www.treas.gov/press/releases/hp1171.htm
OFAC Webpage: http://www.treasury.gov/offices/enforcement/ofac/
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