Economy · Breaking
Texas Businessman Sentenced for Fixing Used-car Export Trade Along Mexico Border
Along the Texas-Mexico border, it's known as the Pool. This week, federal authorities said they caught one of the men accused of helping run it. Every year, drivers known as transmigrantes transport used cars bought in the United States through Mexico to be resold in Central America.
Federal prosecutors said a group of South Texas businessmen found a way to monopolize that industry — fixing fees, pooling revenues and squeezing businesses that refused to comply. At the center of the scheme, authorities said, was Carlos Martinez, a Mission, Texas, businessman known as Cuate who controlled a transmigrante forwarding agency near the Los Indios border crossing in Texas' Rio Grande Valley. the son-in-law of a former notorious Gulf Cartel leader — helped turn a cluster of supposedly competing businesses into a tightly controlled network of fixed prices, shared revenue, cash payments and intimidation. He pleaded guilty to federal charges and was sentenced to prison time.
Source: CBS News
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