Wednesday, April 19, 2017

Venezuelan Oligarchs Who Robbed Country Bring Cash and Corruption to Miami and Houston


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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