Michoacan Drug Cartel Offers Bank Services, Ovaciones Reports

La FamiliaBloomberg, 9/15/09

Sept. 15 (Bloomberg) — Mexico’s La Familia drug gang, the dominant cartel in Michoacan state, is offering consumer loans, Ovaciones reported.

The criminal organization makes loans against the total value of any assets from the applicant, the Mexico City-based newspaper reported, citing pamphlets said to be from the cartel and interviews with unidentified people.

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