Mexican customs officials have seized a shipment of $42 million
Mexico City, Mexico – January 18, 2025 – In a shocking turn of events, Mexican customs officials have seized a shipment of $42 million in cash that was en route from Dubai to the United States. The funds, which are now under scrutiny, are reported to belong to Mr. Michael and his wife, Mary Ann Gress. The seizure occurred on January 18 at the Mexico-U.S. border, raising questions about cross-border financial regulations and inheritance laws.
The cash is said to be Mr. Michael’s inheritance from his late father, who worked for the World Gold Company at its Dubai branch. According to sources, Mr. Michael had made an initial payment for the consignment but failed to complete the total payment required for the shipment, leading to the intervention by Mexican customs.
Customs officials have demanded a payment of $120,000 for the release of the seized funds, claiming that the incomplete payment for the consignment fee constituted a violation of regulations. Mr. Michael have thus far refused to pay the fee, arguing that the funds are legally theirs and that the seizure is unjustified.
As the deadline for payment approaches on April 22, customs officials have warned that failure to comply will result in the permanent confiscation of the cash. If the payment is not made, the funds will automatically become the property of the Mexican government, a situation that has raised alarms among legal experts and advocates for property rights.
Port of Veracruz.
The case has sparked a national conversation about the complexities of international inheritance, the legality of cash shipments, and the rigorous measures taken by customs to address potential financial crimes. Critics argue that the current customs framework may inadvertently penalize individuals with legitimate claims to inherited wealth.
In a statement, Mr. Michael expressed his frustration: “This money represents my father’s legacy. We are doing everything we can to resolve this situation legally and ethically.” Mr Michael is also emphasizing that the funds were inherited and not tied to any illicit activities.
As the situation unfolds, both the Michael family and Mexican customs officials are poised for a confrontation that could have significant implications for international financial transactions and property rights. The outcome of this case may set a precedent for how similar matters are handled in the future.
Stay tuned for further updates as this developing story continues.