Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2024
  • October
  • Mexico ex-drug czar to be sentenced over bribes from cartels

Mexico ex-drug czar to be sentenced over bribes from cartels

Editor October 16, 2024 2 minutes read

By Luc Cohen

NEW YORK (Reuters) – Genaro Garcia Luna, who for several years led Mexico’s fight against the country’s violent drug trade, is set to be sentenced on Wednesday over his U.S. criminal conviction for accepting bribes from the cartels he was supposed to fight.

Garcia Luna, 56, will be sentenced by U.S. District Judge Brian Cogan in Brooklyn federal court at a hearing starting at 4:30 p.m. ET (2030 GMT). He faces a mandatory minimum of 20 years in prison.

Prosecutors say Garcia Luna, Mexico’s public security minister from 2006 to 2012, should face life in prison after he was convicted in February 2023 for engaging in a criminal drug enterprise taking part in various conspiracies and making false statements.

They said in a Sept. 19 court filing that Garcia Luna took millions of dollars in bribes from the Sinaloa Cartel once led by Joaquin Guzman Loera, better known as El Chapo, and in exchange shielded its members from arrest and protected its shipments of cocaine.

Garcia Luna’s lawyer Cesar de Castro urged Cogan to sentence him to no longer than the mandatory minimum, noting he has already spent nearly five years in jail since his 2019 arrest.

“A sentence of 20 years would represent the approximate length of Mr. Garcia Luna’s entire career as a public servant to the Mexican government,” de Castro wrote

Guzman is serving a life sentence at a Colorado maximum security prison after being convicted in 2019 on drug charges.

(Reporting by Luc Cohen in New York; Editing by Bill Berkrot)


About the Author

Editor

Administrator

Visit Website View All Posts

Post navigation

Previous: Trump Media extends rebound in one of its heaviest trading sessions
Next: Biden announces $425 million in military aid for Ukraine

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Volkswagen reports stronger cash flow despite Porsche woes and weak China sales
  • Novo Nordisk expands diabetes cell therapy partnership with Aspect Biosystems
  • EU warns of downward spiral after Trump threatens tariffs over Greenland
  • China regulator approves American Axle acquisition of Dowlais
  • Basketball-Heckler interrupts US anthem at NBA London game with Greenland protest

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections
  • Top News

You may have missed

2026-01-21T192512Z_1_LYNXMPEM0K1DL_RTROPTP_4_EUROPE-AUTOS
  • Market News

Volkswagen reports stronger cash flow despite Porsche woes and weak China sales

Editor January 21, 2026 0
2026-01-20T143129Z_2_LYNXMPEM0J0YQ_RTROPTP_4_NOVO-NORDISK-CEO-INTERNATIONAL-MARKETS
  • Market News

Novo Nordisk expands diabetes cell therapy partnership with Aspect Biosystems

Editor January 20, 2026 0
2026-01-17T215806Z_1_LYNXMPEM0G0HY_RTROPTP_4_EU-ENVIRONMENT-PLASTICS
  • Market News

EU warns of downward spiral after Trump threatens tariffs over Greenland

Editor January 19, 2026 0
2026-01-16T173934Z_3_LYNXMPEM0F0AN_RTROPTP_4_USA-AUTOS-MEXICO
  • Market News

China regulator approves American Axle acquisition of Dowlais

Editor January 19, 2026 0
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2026 © All rights reserved | Options Trading Report | optionstradingreport.com