Venezuelans call them
boligarchs, a portmanteau of "bolívar" (Venezuela's currency) and
"oligarch." Hundreds hide in plain sight in Venezuelan enclaves such
as Weston, Florida; and Katy, Texas. These American boligarchs include Roberto
Rincón and Abraham Shiera, a pair of Venezuelan businessmen who bilked their
country's state-run oil company, PDVSA (PAY-duh-veh-suh), out of $1 billion
before they were caught. But billions more are missing, and American
authorities are just beginning to prosecute the boligarchs here. Rincón, now
the biggest fish in the government's net, may be only a bit player in the tale
of the billionaires who looted Venezuela. More…
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