Unbelievable Breaking News: U.S. Oil Companies partnered with Mexico Drug Cartels to steal $43 Million in Oil from Mexican Government pipelines. This article should be on the front page of every newspaper! These oil companies executives should go to prison -- throw away the keys! You wonder where the Drug Cartels received their money? From crooked U.S. Executives!!!
Fort Worth Star Telegram Reports:
MEXICO CITY — U.S. refineries bought millions of dollars worth of oil stolen from Mexican government pipelines and smuggled across the border, the U.S. Justice Department told The Associated Press — illegal operations led by Mexican drug cartels expanding their reach. Criminals, mostly drug gangs, tap remote pipelines, sometimes building pipelines of their own, to siphon hundreds of millions of dollars worth of oil each year, said the Mexican oil monopoly Petroleos Mexicanos, or Pemex. At least one U.S. oil executive has pleaded guilty to conspiracy in such a deal.
The U.S. Homeland Security department is scheduled today to return $2.4 million to Mexico’s tax administration, the first batch of money seized during a binational investigation into smuggled oil that authorities expect to lead to more arrests and seizures. "The United States is working with the Mexican government on the theft of oil," said Nancy Herrera, spokeswoman for the U.S. attorney’s office in Houston. "It’s an ongoing investigation, with one indictment so far."
In that case, Donald Schroeder, president of Houston-based Trammo Petroleum, is scheduled to be sentenced in December after pleading guilty in May. In a $2 million scheme, Schroeder bought stolen Mexican oil that had been brought across the border in trucks and barges and sold it to various U.S. refineries, which she did not identify, Herrera said. Trammo’s tiny firm profited by about $150,000 in the scheme, she said.
Schroeder’s attorneys said in an e-mail that neither they nor their client would respond to AP’s requests for comment. Bill Holbrook, spokesman for the National Petrochemical & Refiners Association, said a single indictment against a small company should not be used to smear the reputation of the entire U.S. oil industry "and is not indicative of how domestic refiners operate." But in Mexico, federal police commissioner Rodrigo Esparza said the Zetas, a fierce drug gang aligned with the Gulf cartel, used false import documents to smuggle at least $46 million worth of oil in tankers to unnamed U.S. refineries.
Mexico froze 149 bank accounts this year in connection with that crime, which continues at a record rate, according to Pemex.