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US Returns $2.4M in Stolen Oil Money to Mexico


US Politics & Gov't  (tags: government, US, Mexico, Texas, Oil, stolen money, theft, cover-up, crime, dishonesty, drug cartels )

Dee
- 106 days ago - news.yahoo.com
SAN ANTONIO - Mexico received $2.4 million Tuesday that was forfeited by a U.S. oil importer after the company president admitted knowingly buying and reselling petroleum products stolen from Mexico's oil monopoly.
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Dee C. (507)
Tuesday August 11, 2009, 5:01 pm
"Assistant Homeland Security Secretary John Morton attended an event in San Antonio with Mexico's tax administrator, Alfredo Gutierrez Mena, to mark the return of the cash paid by Houston-based Trammo Petroleum. Both men said the investigation was an example of the countries working together on cross-border crime.

"We are serious about going after organized crime, and we're serious about doing it in a coordinated and cooperative way," said Morton. "It's a strong signal that we mean business."

In addition to the restitution, Trammo agreed to pay a separate $2 million fine to the U.S. government, said Assistant U.S. Attorney Jim McAlister, the prosecutor on the case against Trammo Petroleum President Donald Schroeder.

Schroeder pleaded guilty in May to buying and reselling $2 million worth of condensate, a crude petroleum product used for blending, McAlister said."

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