facebook
twitter
rss
account
search
search
 

Treasury moves against drug cartel

Nov. 14, 2012 at 4:21 PM   |   Comments

WASHINGTON, Nov. 14 (UPI) -- The U.S. Treasury Department said Wednesday it has frozen a reputed Guatemalan drug lord's family assets.

Waldemar Lorenzana Lima, the suspected drug trafficker, has used agricultural holdings to front for his cartel, the Treasury Department's Office of Foreign Assets Control said in a release.

The decree freezes any assets the family may have under American jurisdiction, and prohibits American companies and individuals from doing business with the Lorenzana family.

"Treasury will continue to target major drug cartels wherever they are operating, including family organizations that work together to traffic narcotics," said OFAC Director Adam J. Szubin. "Today's designation of Marta Julia and Ovaldino Lorenzana Cordon, members of one of Guatemala's most significant crime families, along with the Lorenzanas' business network, allows us to continue our efforts to dismantle transnational drug trafficking organizations operating in Guatemala." 

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Merkel urges Putin to withdraw Russian troops from Ukraine Merkel urges Putin to withdraw Russian troops from Ukraine
2
Lindsey Graham fears ISIS will come kill us all, in a not at all hysterical way Lindsey Graham fears ISIS will come kill us all, in a not at all hysterical way
3
Rush Limbaugh: Women actually are consenting when they say 'no' Rush Limbaugh: Women actually are consenting when they say 'no'
4
Venezuela's Socialist Party unveils new prayer 'Our Chavez who art in heaven' Venezuela's Socialist Party unveils new prayer 'Our Chavez who art in heaven'
5
Census: number of Americans living in poverty down, still above 45 million Census: number of Americans living in poverty down, still above 45 million
Trending News
Video
x
Feedback