US Treasury Adds Sinaloa Cartel’s ‘King Midas’ to Kingpin List

08/22/16 InSight Crime

The US Treasury Department has placed two high-level Sinaloa Cartel associates on its “kingpin” list, calling the move a “strategic blow” to Mexico‘s most powerful drug trafficking organization even as it appears to be confronting a new threat from a rival cartel.

On August 16, the Treasury’s Office of Foreign Assets Control (OFAC) designated Mexican nationals Juan Manuel Alvarez Inzunza, alias “King Midas,” and Jose Olivas Chaidez, alias “El Blanco,” as Specially Designated Narcotics Traffickers, becoming the latest Sinaloa Cartel operatives added to the so-called “kingpin” list.

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