Socialism and corruption: Joined at the hip in south Florida

Bernie Sanders has said the American dream is more likely to be realized in socialist Venezuela than the United States. Maybe he'd like to explain this version of the American dream found in a massive money-laundering operation by Venezuelan Chavistas who've been busted for looting their country in order to retire in mansions and condos on Miami Beach. According to the Miami Herald: The business elites are suspected of paying hefty bribes to the government officials in exchange for making loans in bolivars to the national oil company, Petróleos de Venezuela, S.A., and then receiving repayments in dollars — with the proceeds washed through the government's favorable currency-exchange system to magnify profits. The multibillion-dollar payouts were then diverted to secret Swiss bank accounts between 2012 and 2014, according to U.S. authorities. "The operation, carried out thanks to acts of corruption, would have allowed the...(Read Full Post)
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