Black Market Dirty Gold

American Greed Podcast

CNBC

True Crime, Documentary, Tv & Film, Society & Culture

4.6 • 1.9K Ratings

🗓️ 9 June 2020

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Three Miami salesmen have gold fever, as they import billions of dollars worth of the precious metal from South America. But their business plan falls apart when authorities learn the gold has connections to drug cartels and organized crime. (Original television broadcast: 09-09-2019) Want to binge watch your Greed? The latest episodes at: https://www.cnbc.com/american-greed/

Transcript

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0:00.0	This is the American Breed podcast presented by
0:02.8	CNBC. I'm Stacy Kingish.
0:05.2	In this episode of American Breed,
0:11.1	ambitious Miami salesman capitalize on a golden opportunity.
0:16.0	They had gold fever and they had a bad.
0:18.0	Over the span of four years, the men import more than $3 billion worth of the precious medal.
0:24.0	Go, go, go, go, go, that's what it was.
0:27.0	Go get everything.
0:28.0	That was just the work of three individuals.
0:30.0	It made no sense that they were bringing in that much.
0:32.0	But what is the source of their gold and just
0:35.0	who are they doing business with? The gold mining is funded by narcotics to actually
0:41.0	use as a mechanism to launder that money.
0:43.0	The kilo of cocaine in the jungle is $2,500.
0:46.0	The kilo of gold is 30 to 40,000.
0:49.0	But would you rather move?
0:50.0	American workers unwittingly refine the dirty gold and when the racket gets busted
0:56.1	it's these workers who ultimately pay the price. The sad part is a lot of the
1:01.8	good people that have lost their jobs because of this.
1:05.0	When greed gets into it, all bets are rough.
1:08.0	That's the motivated behind all of them.
1:10.0	It's about the world. The 32 year old loves his job. He's a
	...

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