Mexican Drug Lord linked to 5.5 ton-cocaine bust
Six months ago, the LAPD was telling reporters the decapitated head found underneath the Hollywood Sign was the result of a "gay lovers triangle."
Six months later, they were still pursuing the gay "thing," only instead of a gay boyfriend in Hollywood, their chief suspect was the now-notorious Canadian Cannibal. Their efforts at disinformation were successful, and widely disseminated.
But it also created a teachable moment about the Mexican drug war. The reason for all the disinformation about Hervey Medellin’s head, found beneath the Hollywood Sign in January 2012, has to do with the identity of Medellin’s longtime boss:
Jose Serrano Segovia is one of Mexico’s wealthiest oligarchs. He owns Mexico’s biggest shipping line, whose fleets of cargo ships, trucks and planes bring goods from Central and South America into the U.S. He even owns a railroad, that goes all the way to Kansas City.
And he is known as one Mexico’s biggest Drug Lords.
In APRIL 1998 The Wall Street Journal revealed that the FBI was investigating Jose Serrano Segovia for drug trafficking and money laundering, after a huge shipment of cocaine from Colombia was found on one of his cargo vessels.
The next year, Serrano hired a lobbying firm to block a bill in Congress which aimed to impose sanctions on companies linked to drug trafficking. And even though a top staffer to Republican Senator Richard Shelby resigned in protest, the effort was successful.
Much more recently, Hervey Medellin‘s boss was connected with the American drug trafficking operation in St Petersburg which was exposed when 5.5 tons of cocaine were found on an American-registered DC9.
The company that owned the busted DC9, Skyway, was itself owned by its biggest shareholder, a shady investment bank in Texas called Argyll Equities. Argyll was said in the business of providing “creative financial solutions globally,” which can look a lot like money laundering.
One of Argyll’s creative financial solutions was arranging a a $17 million “loan” to Mexican” businessman” Jose Serrano Segovia’s shipping line, Grupo TMM.