Black Gold, Black Market: Theft and Smuggling in Mexico Is Nothing New. but Criminals Are Increasingly Targeting the Petroleum Industry to Fund Other Illicit Behaviors

Coffin, Bill, Risk Management

In early August, a joint U.S.-Mexican investigation into the widespread oil theft and trafficking industry in Mexico uncovered the illegal sale and smuggling of more than $2 million in petroleum from Mexico's state-owned oil monopoly Pemex to companies in the United States. The culprit, Donald Schroeder, president of Houston-based Trammo Petroleum, has been ordered to pay a $2 million fine to the U.S. government. A separate $2.4 million refund check from Trammo was turned over to Mexico by the U.S. government as partial compensation for the theft.

Schroeder will be sentenced in December, but he is just a single player in a vast and long-running criminal enterprise that bleeds …

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Publication information: Article title: Black Gold, Black Market: Theft and Smuggling in Mexico Is Nothing New. but Criminals Are Increasingly Targeting the Petroleum Industry to Fund Other Illicit Behaviors. Contributors: Coffin, Bill - Author. Magazine title: Risk Management. Volume: 56. Issue: 8 Publication date: October 2009. Page number: 12+. © 1999 Risk Management Society Publishing, Inc. COPYRIGHT 2009 Gale Group.

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