US demands El Chapo forfeit $12.7 billion in drug money

Mexican drug trafficker Joaquin Guzman Loera aka "el Chapo Guzman" escorted by marines when he was presented to the press on February 22, 2014 in Mexico City. PHOTO | ALFREDO ESTRELLA | AFP

What you need to know:

  • According to a motion filed in New York, authorities are "entitled to forfeiture of all property that constitutes or is derived from the defendant's narcotics-related crimes."

  • Guzman, 62, was found guilty in February following a three-month trial for trafficking hundreds of tons of cocaine, heroin, methamphetamines and marijuana to the United States.

  • Guzman is set to be sentenced on July 17, and is expected to be ordered to spend the rest of his life in prison.



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