Here’s How the U.S. is Helping Massive Theft in Venezuela

President Nicolas Maduro

New details emerge on how the Maduro regime is storing its stolen loot in Florida properties.

By Casey Michel

Luxurious high-rises. Spacious, sprawling mansions. Green, verdant horse ranches. Nearly 20 properties in total, stretching from Palm Beach to Coral Gables, Florida — tens of millions of dollars’ worth of assets, soaking in the south Florida sun.

And all of them, as of last week, now frozen by federal authorities, caught in a spiraling, $1.2-billion money laundering ring reaching the highest ranks of Venezuela’s government.

The allegations of one of the largest money laundering rings in recent history, and the subsequent fallout, haven’t broken into the U.S. national press. But the striking details at play are indicative of both political realities in Venezuela — of an economy collapsing, of people fleeing in unprecedented numbers, while the regime descends into autocracy — and fledgling anti-kleptocracy efforts in the United States, which continues to provide an outlet for the kleptocrats drenching Caracas.

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Source: ThinkProgress