{"id":917168,"date":"2026-07-03T10:12:58","date_gmt":"2026-07-03T15:12:58","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/03\/scott-bessent-goes-after-the-top-mexican-cartels-new-billion-dollar-business-gas-stations\/"},"modified":"2026-07-03T10:12:58","modified_gmt":"2026-07-03T15:12:58","slug":"scott-bessent-goes-after-the-top-mexican-cartels-new-billion-dollar-business-gas-stations","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/07\/03\/scott-bessent-goes-after-the-top-mexican-cartels-new-billion-dollar-business-gas-stations\/","title":{"rendered":"Scott Bessent goes after the top Mexican cartel\u2019s new billion-dollar business: gas stations"},"content":{"rendered":"
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U.S. Treasury announced a series of sanctions and a new bank alert targeting the\u00a0Jalisco New Generation Cartel<\/a>, Mexico\u2019s most powerful criminal enterprise.<\/p>\n

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Treasury\u2019s Office of Foreign Assets Control imposed sanctions on two Mexican men and nine companies involved in transportation, financial services and real estate, accused of being tied to a cartel-linked fuel theft ring intended to evade Mexican taxes while generating tens of millions of dollars annually for the cartel.<\/p>\n

Additionally, Treasury\u2019s Financial Crimes Enforcement Network arm issued an alert to financial institutions that point out red flags of fuel smuggling from the U.S. into Mexico in schemes involving Mexican tax evasion.<\/p>\n

\u201cToday\u2019s action highlights the extent to which Mexico\u2019s cartels are expanding beyond traditional drug trafficking to generate revenue for their criminal organizations, which continue to traffic deadly drugs that kill Americans,\u201d said Treasury Secretary Scott Bessent in a statement.<\/p>\n

The U.S. Drug Enforcement Agency has acknowledged the New Generation Cartel\u2019s presence in 21 of Mexico\u2019s 32 states, surpassing the powerful Sinaloa Cartel, which is estimated to operate in 19 states. Last year,\u00a0President Donald Trump designated the Jalisco New Generation Cartel<\/a>\u00a0and five other Mexican cartels as foreign terrorist organizations.<\/p>\n

Mexican authorities have in recent years\u00a0seized million gallons of stolen<\/a>\u00a0diesel, gasoline and petroleum distillates from states bordering Texas. Organized crime taps pipelines and diverts fuel to service stations forced to buy from cartels or sell it directly in the streets.<\/p>\n

U.S. authorities have even accused the Jalisco New Generation cartel of\u00a0operating its own service stations<\/a>.<\/p>\n<\/div>\n

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The Fortune 500 Innovation Forum<\/strong> will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what\u2019s next for the American economy, Nov. 16-17 in Detroit. Apply here<\/a>.<\/strong><\/span><\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Fatima Hussein, The Associated Press<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. Treasury announced a series of sanctions and a new bank alert targeting the\u00a0Jalisco New Generation Cartel, Mexico\u2019s most powerful criminal enterprise. Treasury\u2019s Office of Foreign Assets Control imposed sanctions on two Mexican men and nine companies involved in transportation, financial services and real estate, accused of being tied to a cartel-linked fuel theft ring<\/p>\n","protected":false},"author":1,"featured_media":917169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140864,596],"tags":[],"class_list":["post-917168","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bessent","category-scott"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/917168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=917168"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/917168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/917169"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=917168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=917168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=917168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}