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Explore The Cartel Supplier Who Lost $100 Million in Vegas | Ioan Grillo with 89,640 views, 354 likes, and 49 comments. Experience the impact of this video content that has captured audience attention.

Link to full episode: https://youtu.be/xdf76Dt9poI?is=Tg0moJFL2tI-2Brg A Chinese pharmaceutical supplier lost more than $100 million in Las Vegas casinos, according to journalist Ioan Grillo. The losses were part of a larger money laundering story. Grillo tells Danny Jones how the businessman connected Chinese chemical suppliers with Mexican cartels, built an enormous fortune and took suitcases of cash to Vegas. He describes how casinos returned a portion of the supplier's losses, allowing money to flow back to a customer whose wealth came from supplying chemicals used to make methamphetamine. The story begins with the supplier's move from China to Mexico and his role in linking pharmaceutical companies to cartel production. Grillo describes the huge pile of cash found at his Mexico City mansion, prompting Danny to compare the photographs to Breaking Bad. The conversation then follows the money into casinos, where the supplier's staggering losses came with rebates and the rewards offered to a wealthy repeat customer. Grillo explains the arrangement as a costly way to launder cash and says casinos later paid the US government money they had received from him. The supplier's gambling habit helps explain why he kept returning despite the scale of the losses. Grillo also recalls working in the Associated Press bureau in Mexico City when the fugitive supplier sought to speak with reporters. The man claimed the seized money belonged to a Mexican politician and said he had been threatened. Grillo describes the accusation as a possible attempt to avoid extradition, while explaining the difficulty of reporting such a claim. He follows the case through the US decision to send the supplier to Mexico and his continued legal efforts from prison. The account connects the chemical trade to the practical problem of handling a fortune in cash, then shows how the supplier tried to explain that fortune once authorities came after him. Subscribe to this channel: https://www.youtube.com/channel/UCQ_piSR8gm-TfHZcDWOJciA?sub_confirmation=1

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