U.S. demands $12.7 billion in judgment against 'El Chapo'

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U.S. demands $12.7 billion in judgment against 'El Chapo'
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U.S. authorities said on Friday they were seeking a court order requiring Mexica...

NEW YORK - U.S. authorities said on Friday they were seeking a court order requiring Mexican drug lord Joaquin “El Chapo” Guzman to forfeit $12.7 billion following his conviction for racketeering and drug trafficking crimes earlier this year.

The sum represents the total amount of cocaine, marijuana and heroin that a jury found Guzman to have trafficked, multiplied by the average prices of those drugs, according to a filing by prosecutors in Brooklyn federal court. “This is largely an academic exercise as the government has never located or identified a penny of this $12.7 billion in proceeds supposedly generated by Mr. Guzman,” said Jeffrey Lichtman, a lawyer for Guzman.

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