The Net Worth of Frederick Jung
If you are interested in learning about the net worth of Frederick Jung, you’ve come to the right place. This article will cover his drug smuggling career and money laundering activities. It also covers his relationship with his daughter Kristina Sunshine Jung. You can also learn about George Jung’s involvement with the Medellin cartel.
George Jung’s relationship with his daughter Kristina Sunshine Jung
The movie Blow depicts the complicated relationship between George Jung and his daughter Kristina. After his release from jail, George Jung and his daughter Kristina Sunshine Jung reunited. A representative for George Jung revealed that they started talking again before the end of 2014. Afterward, the two made a plan to see each other again.
Kristina Sunshine Jung was born on August 1, 1978. Her parents were drug addicts and had a troubled home life. Her mother, Mirtha, was imprisoned for drug possession when Kristina was a toddler. Her father was also detained for drug smuggling. Kristina’s father was imprisoned for almost three years.
George Jung’s involvement in the Medellin cartel
While his involvement in the Medellin cartel has been highly publicized, it is less well-known that his wife, Mirtha Jung, was also involved in the drug business. They had met in 1976 through a mutual friend and were married in 1977. Mirtha was of Cuban descent and had met her husband in Columbia, where they both lived.
Jung’s daughter was one of the subjects of the film. His relationship with her had ended after his last arrest, but they were rekindled after he was freed in 2014. Although his daughter has not forgiven him, he says that he has no regrets in his life.
Frederick Jung’s drug smuggling career
After several years in prison for drug smuggling, Frederick Jung was offered a reduced sentence for testifying against Carlos Lehder, a drug lord. Jung complied, telling authorities everything he knew, including the names of rock stars he had met in prison. He served 20 years in federal prison before being released on June 2, 2014.
His drug smuggling career and net wealth were made possible by his association with the Medellin Cartel. This cartel supplied 80 percent of the world’s cocaine. When the two fell out, however, the market opened up, and Jung began working with Pablo Escobar, a famous drug baron, and narco-terrorist.
Frederick Jung’s money laundering operations
Frederick Jung was involved in many activities, including drug trafficking. He was an active member of the Medellin Cartel, which smuggled 85% of the cocaine into the United States. He allegedly laundered money at a high-tech EPC construction firm in Stuttgart, and he and his wife Martha were reportedly earning over $250,000 a month from the drug trade.
He earned his fortune as a member of the Medellin cartel, which made a fortune smuggling cocaine to the United States. In the mid-1980s, the cartel was the largest drug-smuggling organization in the Western Hemisphere, and the gang made around $420 million a week. In total, the Medellin cartel made $22 billion during that time.
Frederick Jung’s relationship with Carlos Lehder Rivas
In 1974, Frederick Jung, a Colombian-American, was convicted of low-level drug trafficking and sentenced to four years in federal prison in Danbury, Connecticut. Although his minor crime, he shared a cell with Colombian-American Carlos Lehder. When Lehder was arrested for car theft, Jung received a telegram telling him to take two women to Antigua.
In exchange for a lesser sentence, an associate of Boston George told authorities about his drug business. As a result, Jung was released from prison and was able to continue his smuggling activities. After his release from prison, Jung was arrested at his Eastham, Massachusetts, mansion. He skipped bail and was later convicted of participating in other illegal activities. Jung, who had worked for Escobar and was an associate of Lehder, was betrayed by his associate.