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US Offers $35 Million Prize To Aid Capture Of Drugmakers From China, Mexico

Tyler Durden's Photo
by Tyler Durden
Friday, Dec 17, 2021 - 03:20 AM

Authored by Eva Fu via The Epoch Times (emphasis ours),

The U.S. State Department is offering up to $35 million for information that could lead to the arrests of seven drug dealers from China and Mexico, in an effort to curb fentanyl and other illicit drugs from flooding into the United States.

U.S. Customs and Border Protection officers at the Otay Mesa commercial facility seized more than 3,100 pounds of methamphetamine, fentanyl powder, fentanyl pills and heroin as part of the second largest methamphetamine bust along the southwest border in the history of the agency, based on information developed by DEA, working jointly with HSI, on Oct. 9, 2020. (DEA)

The announcement came right after President Joe Biden on Dec. 15 signed two new executive orders, declaring international drug trafficking a national emergency and establishing a U.S. council on transnational organized crime to unite six agencies to counter the illicit drug trade. The Department will award up to $5 million for information on each of the seven drug traffickers.

One of the seven individuals named was Chinese national Yip Chuen Fat, who the Justice Department has recognized as “one of the world’s largest alleged anabolic steroid producers.”

Prosecutors announced federal charges against Yip on Tuesday. The 68-year-old, believed to be from the Chinese city of Wuhan, was slapped with five drug crimes charges in 2018, including manufacturing anabolic steroids and fentanyl precursors for export to the United States, according to the Justice Department.

Court documents identified him as the owner of a chemical manufacturing company called Yuancheng (YC) Group, which is allegedly responsible for producing and distributing around $280 million worth of anabolic steroids from mainland China and Hong Kong. About one-fifth of the amount was shipped to the United States over a five-year period, prosecutors said.

The YC Group allegedly shipped the contraband to all 50 U.S. states through cargo vessels and commercial air carriers such as the U.S. Postal Service, concealing shipments in food and other product packagings.

In November, prosecutors obtained a warrant to seize more than 49.1 bitcoin, worth $2.3 million, from a crypto wallet that traced back to Yip. He allegedly uses virtual currencies, including Bitcoin, to conduct his business.

Over 100,000 Americans died of drug overdoses during the 12-month period ending April, a jump of 28.5 percent from last year, according to data released by the U.S. Centers for Disease Control and Prevention last month. Synthetic opioids, primarily fentanyl, a drug 100 times more potent than morphine, accounted for nearly two-thirds of the total.

Despite Beijing banning fentanyl and its analogs in 2019, China has remained the primary source of illicit fentanyl in the United States.

To circumvent regulations, Chinese traffickers have increasingly taken to exporting precursors to Mexican cartels, who would produce the drug and smuggle it across the border, a tactic Yip’s company has allegedly adopted.

The YC Group had once agreed to a scheme to ship 24 kilograms of 4-ANPP, a precursor to fentanyl, to the United States from China, which would then be smuggled to Mexico to make fentanyl and brought back into the United States.

Photos of anabolic steroids confiscated in a police bust earlier in the day stand on display at police headquarters in Berlin, Germany, on Aug. 29, 2006. (Sean Gallup/Getty Images)

The Drug Enforcement Administration (DEA) has listed Yip as one of its top 10 most wanted fugitives.

Yip’s alleged criminal activities “have caught up with him,” DEA’s special agent in charge Eduardo Chávez said.

“The Justice Department will pursue drug defendants to the furthest reaches of the globe if that’s what it takes to stem the tide of the drug epidemic,” said U.S. attorney Chad Meacham in a statement.

Zheng Fujing and Zheng Guanghua, father and son from China’s Shanghai, face a 43-count indictment announced in 2018 for making and shipping fentanyl and 250 other deadly substances to at least 25 countries. The drugs the Zhengs sold allegedly led to the overdose deaths of two people in Ohio.

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