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This week, InSight Crime delved into recent accusations that Uruguayan livestock investment companies defrauded people out of hundreds of millions of dollars,  highlighting how white-collar criminal organizations can cause widespread financial devastation without resorting to violence.


Also this week, the recent arrest of Costa Rica’s former security minister sheds light on corruption and drug trafficking networks in what may be the most significant drug scandal in the country’s history; the K-drugs market in Brazil keeps booming despite alleged attempts by the PCC to ban it; and a war of words between Mexico’s President Claudia Sheinbaum and El Chapo’s lawyer showcases some of the perennial problems in the drug business: governments doing deals with capos, and state corruption.


This and more below.

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Accusations that Uruguayan livestock investment companies defrauded people out of hundreds of millions of dollars highlight how white-collar criminal organizations can cause widespread financial devastation without resorting to violence.


Uruguayan prosecutors are investigating at least three firms over claims they misled investors. Conexión Ganadera, República Ganadera, and Grupo Larrarte allegedly offered investors the chance to buy cattle that would be sold upon growing to their full size, providing those who invested with fixed annual returns of around 7-11%.


Read the article here >

See more Uruguay coverage >

InSight Crime investigator Henry Shuldiner provided expert analysis to several international outlets, including The Guardian, CBS News, and France 24, following the discovery of a remote-controlled narco sub in Colombia. Narco subs have been around for decades, primarily used to ferry cocaine from Colombia’s Pacific coast to Central America or Mexico. But recent seizure data for these hard-to-detect boats shows how creative traffickers are becoming, and how narco subs continue to evolve in terms of both design and technology.


Read our deep dive on narco subs here >

This Week's Criminal Profile: Tren de Aragua

Tren de Aragua is Venezuela’s most powerful homegrown criminal organization and the only gang of Venezuelan origin that has successfully projected its power abroad. It has evolved from its beginnings as a prison gang into a transnational threat with a diverse criminal portfolio.


This week, Tren de Aragua’s leader in Chile, Carlos González Vaca, alias “Estrella,” was sentenced to life in prison for crimes including two kidnappings — one of which resulted in murder. Prosecutors also secured convictions against 11 other gang members, with total sentences exceeding 300 years.

Trending: Ecuador Gang Leader ‘Fito’ Agrees to Extradition to US

José Adolfo Macías, alias “Fito,” the leader of the Choneros, agreed to be extradited to the United States during a virtual court hearing from prison in Guayaquil, Ecuador. US authorities accuse him of heading the transnational criminal organization the Choneros, and of trafficking cocaine and firearms. This is the first extradition since the process was approved by a 2024 referendum in Ecuador, and could mark a turning point in the country’s fight against organized crime.

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