Business
10 Things You Must Know About Nemesio Oseguera Cervantes ‘El Mencho,’ the CJNG Cartel Boss
MEXICO CITY — Nemesio Oseguera Cervantes, widely known as “El Mencho,” the longtime leader of the Jalisco New Generation Cartel (CJNG), was killed by Mexican security forces during a military operation in the mountains of southern Jalisco on February 21, 2026, according to multiple high-level government sources and Mexican media outlets.

The 59-year-old Oseguera had evaded capture for more than a decade while directing one of the world’s most powerful and violent drug-trafficking organizations. His death — if officially confirmed in the coming days — represents the most significant blow to the CJNG since its founding and comes at a time of intense U.S.-Mexico pressure to disrupt fentanyl supply chains.
Here are 10 essential facts about El Mencho and his criminal empire:
- Born in Poverty, Rose Through the Ranks Nemesio Oseguera Cervantes was born July 17, 1966, in Aguililla, Michoacán — a rural municipality that later became a major methamphetamine production hub. He worked as a police officer in his early 20s before entering organized crime in the 1990s with the Milenio Cartel. After that group fractured in 2010, he co-founded the CJNG with relatives and former allies.
- Founded the CJNG in 2010 The cartel emerged from the power vacuum left by the arrest of Milenio leader Óscar Orlando Nava Valencia (“El Lobo Valanciano”). El Mencho quickly transformed the splinter group into a nationwide force by recruiting heavily, corrupting officials and using extreme violence to seize territory from rivals including the Sinaloa Cartel, Los Zetas and the Knights Templar.
- Architect of Extreme Violence Under his command, the CJNG pioneered public displays of brutality: mass executions, dismemberments, vehicle bombings, attacks on military convoys and the 2015 downing of an army helicopter with a rocket-propelled grenade. The cartel is blamed for tens of thousands of homicides in Jalisco, Michoacán, Guanajuato, Colima and other states.
- Pioneered Fentanyl Trafficking to the U.S. The CJNG became the dominant player in importing precursor chemicals from China, manufacturing fentanyl in clandestine labs and smuggling massive quantities into the United States. U.S. indictments accuse El Mencho of overseeing the supply chain responsible for hundreds of thousands of overdose deaths.
- $15 Million U.S. Bounty — One of the Highest Ever The U.S. State Department offered $15 million for information leading to his arrest or conviction — among the largest rewards ever placed on a drug trafficker, surpassed only by Joaquín “El Chapo” Guzmán’s peak bounty. Mexico offered 300 million pesos (≈ $15 million). Despite the reward, he remained elusive, rarely photographed and communicating through encrypted channels.
- Controlled Key Pacific Ports The CJNG dominated the port of Manzanillo — Mexico’s busiest on the Pacific — allowing the cartel to import precursor chemicals and export cocaine and methamphetamine. Control of Lázaro Cárdenas and other ports further strengthened its logistics network.
- Family-Run Empire Several relatives held senior positions: brother-in-law Gerardo González Valencia (“El Apá”), cousins and nephews. His wife Rosalinda González Valencia and children have faced money-laundering charges in the U.S. and Mexico. The cartel’s structure blended family loyalty with ruthless discipline.
- Corruption and Political Influence Investigations revealed payments to governors, mayors, police chiefs and military officers across multiple states. The CJNG infiltrated local governments, judges and prosecutors, creating a parallel power structure in regions under its control.
- El Mencho’s Low-Profile Lifestyle Unlike flashy narcos, El Mencho avoided public appearances, social media and ostentatious displays. He reportedly lived in remote mountain compounds, moved frequently and relied on a tight circle of loyal sicarios for protection. His nickname “Mencho” derives from “menchito” (little mango), a childhood moniker.
- Death Would Mark a Turning Point — But Not the End If confirmed, El Mencho’s killing is the most significant cartel-leader takedown since El Chapo’s 2016 recapture. However, experts warn the CJNG’s decentralized structure means successors — possibly family members or top commanders — could quickly fill the vacuum. Fragmentation often sparks internal wars, as seen after the deaths of other capos.
The reported operation took place near Tapalpa, Jalisco — a rural stronghold where the CJNG maintains safe houses and training camps. Governor Pablo Lemus Navarro urged residents to shelter in place during the action, signaling a major military deployment. Forensic confirmation and an official statement from the Defense Ministry or Attorney General’s office are still pending.
The killing arrives amid escalating U.S. pressure on Mexico to curb fentanyl flows, including threats of military action and cartel terrorism designations. For President Claudia Sheinbaum’s administration, the operation — if successful — bolsters the “hugs not bullets” strategy’s intelligence-led approach.
Regardless of confirmation, El Mencho’s era shaped modern Mexican organized crime: ruthless expansion, chemical-fueled fentanyl dominance and unprecedented violence. His reported death may shift dynamics — but history shows cartels rarely collapse when their leaders fall.
Business
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The Acquirers Funds founder and managing director Tobias Carlisle discusses retail sales on Making Money.
This story about the fourth-quarter GDP report is developing and will be updated with more details.
The U.S. economy grew at a slightly slower pace than expected in the fourth quarter, according to the Commerce Department’s estimate.
The Bureau of Economic Analysis (BEA) on Thursday released its final reading of fourth-quarter GDP, which showed the economy grew at an annualized rate of 0.5% in the three-month period including October, November and December.

Shipping containers are organized at the Houston Port of Authority on Feb. 10, 2025 in Houston, Texas. (Brandon Bell/Getty Images)
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Federal Reserve Bank of New York President John Williams discusses market impacts of the Iran War, inflation outlook and more on ‘The Claman Countdown.’
Americans are facing a tale of two grocery lists.
While some prices are cooling, the items families rely on most for energy and nutrition — meat and coffee — are seeing sharp increases that wipe out any savings in the bread aisle.
Fourteen of the 25 most common grocery store staples rose in price from February 2024 to February 2026, with the top five largest increases coming from coffee (+55%), lettuce (+39%), ground beef (+31%), sirloin steak (+21%) and orange juice (+15%), according to a new report from CouponFollow that analyzed Consumer Price Index (CPI) data from the past two years.
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Ground beef has hit $6.74 per pound, a 31% increase from 2024 and 74% above pre-pandemic levels.

Customers shop for beef at a grocery store on April 6, 2026, in Los Angeles, California. (Getty Images)
With ground beef prices in mind, CouponFollow ran a “taco night test,” tracking specific meal scenarios to show how inflation affects consumers. A family of four is paying nearly $25 just for basic taco ingredients, compared to just $17.50 six years ago.
If you can live on eggs and toast, your bill might be lower than it was two years ago, with egg prices decreasing the most (-17%), followed by white bread (-8%), spaghetti (-8%) and butter (-7%).
Still, the report warns that “the items still climbing are rising fast enough to offset those declines.”
‘The Big Money Show’ discusses the growing trend of young adults getting financial help from their parents.
“Grocery inflation isn’t going away overnight, but small changes to how and where you shop can add up fast. Paying attention to which categories are rising and which are cooling, stocking up on pantry staples when prices dip, and being flexible with pricier proteins are all easy ways to stretch your grocery budget a little further,” CouponFollow notes. “Stacking those habits with coupons and deals can make an even bigger dent in your weekly bill.”
Economic experts have also recently cautioned that high oil prices due to the Iran war are pushing gasoline prices higher, and that could lead to grocery bills rising for American consumers.
The increase in oil, gas and diesel prices raises transportation costs for businesses, including grocery stores, which may face pressure to raise food prices and other items if the situation continues.
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Federal Reserve Board Gov. Michelle Bowman discusses where interest rates are going and the job market performance on ‘Maria Bartiromo’s Wall Street.’
“Every time something moves in the economy, it will cost more,” said Derek Reisfield, co-founder of MarketWatch and a former McKinsey consultant. “Someone, usually the end consumer, will have to pay for that.”
Gregory Daco, chief economist at EY-Parthenon, previously told FOX Business: “For U.S. consumers, what this means is that while there is currently a price shock at the pump being felt directly by consumers, there’s still uncertainty as to how long this shock will last.”
FOX Business’ Eric Revell contributed to this report.
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