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The ones controlling the import of goods at the official exchange rate are multi-millionaire by now, mostly military. Before getting dollars at the official ra
by rafaelm 10y ago
The ones controlling the import of goods at the official exchange rate are multi-millionaire by now, mostly military.
Before getting dollars at the official rate for importing, your company needs to get approved and jump through all kinds of burocratic stuff that could take ages and never get approved. Here in my state there was a huge cartel of military officers involved in the sale of pre-approved companies for importing. It was like buying companies off the shelf.
A bunch of people bought these companies at a very high price, but the returns were huge. You bought one company for say $50k, but then you imported at the official rate. There are 20 year old kids that are now living in Miami with $15-20 million dollars in their accounts, money they made through these companies. They had a small office with 5 or 6 assistants, one for each company doing all the paperwork for the constant fake importing of goods.
This is just one of the ways the country has lost more than $50 billion dollars to corruption in just two years, according to one of Chavez's former ministers, Giordani.
- shostack 10y agoCan you walk through the situation in a bit more detail? I'm not fully seeing how they make money.