Human Smugglers Thrive With Help of U.S. Banks
Hundreds of thousands of immigrants enter the US illegally across our southwest border every year with the help of coyotes, more formally known as human smugglers. Making this journeys isn’t cheap, and can set a migrant back anywhere from $3,000 to $7,000 depending on his or her circumstances. As a result, gangs are making upwards of $10 billion per year according to the United Nations Office of Drugs and Crime. Worse yet, Bloomberg Markets magazine will be reporting in its February issue that these profits are rolling in with the assistance of several U.S. banks.
