Tuesday, April 05, 2016

Panama Papers

Venezuela had the single largest oil boom in its history.  Several years ago it was estimated 200 billion in pre-tax dollars escaped state coffers to Venezuelan-held accounts overseas.  Venezuelans became the single largest buyers of Miami investment properties.    And Venezuela's economic situation has gone from bad to worse.  

The Panama Papers are finally allowing us to connect the dots.   To see just how people in and around the regime have basically looted the country.  And while this massive flow of cash was going down, drug cartels took advantage to launder untold billions of their cash too.http://www.elnuevoherald.com/noticias/mundo/america-latina/venezuela-es/article69867787.html

No comments: