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LA TimesReporting from Mexico City -- For a B-team, Los Mapaches sure seemed to be living it up. The soccer club from the small town of Nueva Italia in western Mexico had the finest vehicles, new uniforms every game and unusually high salaries.
The team was one of many covers, federal prosecutors allege, that Wenceslao Alvarez, alias El Wencho, used to hide and move millions of dollars for the so-called Gulf cartel.
In the Mexican government's bloody, 2-year-old war on drug traffickers, one component of the trade remains largely untouched: money laundering. The network that helps turn ill-gotten gains into legal tender is a crucial linchpin that enables traffickers to live large, expand their operations deep into the U.S., pay off cops and politicians and buy increasingly sophisticated weaponry.
"You can arrest thousands of but if you don't touch the financial enterprises, the business just goes on . . . and becomes more violent," said Edgardo Buscaglia, an expert on organized crime who has advised both the United Nations and Mexican officials.
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http://www.latimes.com/news/nationworld/world/la-fg-drug-money-laundering22-2008dec22,0,7541266.story