Derek Maltz: China ‘dominating the money laundering business in America for the cartels’
Former head of the Drug Enforcement Administration’s Special Operations Division Derek Maltz on Monday claimed that the Chinese “are dominating the money-laundering services business in America for the cartels”.
In an appearance on “The Sara Carter Show” podcast, Maltz and host Sara Carter discussed security issues surrounding the deteriorating situation at the U.S.-Mexico border, when the conversation shifted toward the Chinese government.
“The Chinese now are dominating the money-laundering services business in America for the cartels,” Maltz charged, arguing that they are “picking up the cash and they are moving money from one Chinese bank account to another on their smartphones”.
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“We can’t do much about that,” Maltz continued. “They’re using encrypted apps, and they’re moving money, and then they’re buying consumer goods over in China, they’re shipping the goods into South America or Mexico—wherever—and they’re selling the goods, and everybody’s making money. And the poor law enforcement is in the dark because the laws are so antiquated. And these are […] countries around the world that are making a lot of money off the drug problem in America.”
Furthermore, Maltz went on to claim that “They have Chinese nationals—young kids—running around the country picking up millions of dollars, they give it to businessmen and Chinese businessmen in the U.S. because there’s an export limit of $50,000 a year out of Beijing, so they need cash here to buy houses, to buy property, […] to put their kids in school. So they pay cash.”
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Maltz then alleged that they are also “buying real estate all over the country” and installing “state-of-the-art marijuana grow[ing] operations in these houses. And they’re selling this very pure THC—very high purity pot—around America. So they’re buying houses with drug money in cash, then they’re selling the drugs all over the country. So again, they’re destabilizing the country by pushing massive amounts of drugs and providing a service to the cartels.”
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“Last thing: if the cartels do not have their money, and they do not have their chemicals, they can’t produce the drugs. So what are we waiting for? Why are we not hitting these labs? Why are we not stopping the money? Why are we not dealing with this?” Maltz concluded. “It’s got to be put on steroids, we have to have a state of emergency here for law enforcement to go after this problem because kids are dying at record levels.”
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You can follow Douglas Braff on Twitter @Douglas_P_Braff.
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‘I Don’t Buy It’: Both Democrats and Republicans don’t believe TikTok’s pledge to protect Americans from CCP
TikTok CEO Shou Zi Chew had a hard time smoothing things over with both Democrats and Republicans during his Thursday testimony before the House Energy and Commerce Committee. both parties expressed cynicism towards the notion that TikTok would protect U.S. data and American users of the app from the Chinese Communist Party (CCP).
Specifically, lawmakers and regulators are concerned “about Chinese laws which require companies based in the country, such as TikTok’s parent company ByteDance, to provide the CCP with access to user data and other proprietary information” reports National Review.
National Review noted that TikTok was reportedly told by the Committee on Foreign Investment in the U.S., an inter-agency panel consisting of nine cabinet-level officials, to sell its stake in the social-media app or risk a ban in the U.S.
Before Chew testified on Thursday, China said it strongly opposed ByteDance’s divestment from the social-media platform. China’s Commerce Ministry said that a sale or divestiture of TikTok would involve exporting technology and had to be approved by the Chinese government, the Wall Street Journal reported.
Democrat and ranking member, Representative Frank Pallone, Jr. of New Jersey said Chew’s solution of a $1.5 billion plan nicknamed ‘Project Texas’ which allegedly would “wall off U.S. operations, with all data being stored here” is unacceptable.
Project Texas would give U.S. company Oracle based in Texas the ability to access TikTok’s algorithms in order to flag issues for government inspectors. “I still believe that the Beijing Communist government will still control and have the ability to influence what you do. So this idea, this Project Texas is simply not acceptable,” Pallone said.
“Look, the impression you are giving, and I can understand why you are giving that impression, is that you are just performing some kind of public service here. Right? I mean this is a benign company that is just performing a public service. Maybe that’s not what you are saying, but I don’t buy it,” Pallone continued.
Democrat Marc Veasey of Texas stated to Chew, “A lot of your evasiveness today in answering many of these questions really disturbs me.” The committee’s chairwoman, Republican Representative Cathy McMorris Rodgers from Washington opened the hearing by exposing Chew off the bat: “You state that ByteDance is not beholden to the CCP. Again, each of the individuals I listed are affiliated with the Chinese Communist Party.”
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