Archive for January 29th, 2008

Maletagate participants seem all to be connected to each other and the rest of the bolibourgeois

January 29, 2008

A friend sends me the
address of the home where one of the men jailed in the Maletagate case, Franklin Duran, was living in Miami before he was detained, specifically in Key Bizcayne, FL. The
address is 655 North Mashta Drive
and if you look at google maps, you find this aerial view:

It looks very nice
indeed, right on the inlet, and on the water as you can see on the left and you can see on the right the dock and boat in the back of the house. If one the puts the same
address into, then one actually gets a very nice view of the house,
pools and everything, looks like the house has two buildings and maybe even a
couple of pools:

According to zillow, the
house is estimated to be worth US$ 3.96 million and yearly property taxes alone
are US$ 75,600, what would be a huge salary by Venezuelan standards.

One can then go to the
Dade county webpage
and put in the address in the database for properties in the county and one
finds that the house was assessed in 2007 at US$ 4.7 million and is the
property of a company called Foxdelta Investments. In pilot-speak Fox Delta stands for FD, the initials
of Franklin Duran, but one can go to the sunbiz webpage and find that
Foxdelta investments is indeed currently owned by Franklin Duran himself as its sole

However, if one looks
at the annual reports of the company, the original company
was registered by lawyer Wladimir Abad in 2003 and in 2004, it’s
President became
Franklin Duran and it’s Vice President became none other
than the carrier of the suitcase himself, Guido Alejandro Antonini, with their
addresses specified, confirming beyond any doubt that the information given to
me is correct: This is Duran’s home, not too shabby, no? Long live the robolution!

Nothing much happened with the company until August 22nd.
of last year
, when two weeks after Antonini was caught with the suitcase
entering Argentina,
Duran removed his buddy Antonini from being a Director, probably as a way of
distancing himself from Antonini. Unfortunately, later he met repeatedly with
Antonini trying to help him “hide” the origin of the funds in the suitcase and
the FBI was watching and taping and he was detained for acting as an agent of a
foreign Government.

Meanwhile, William
Abad, who created the company FoxDelta Investments was
also the Secretary of the company
which owned the
plane confiscated last June by the DEA,
as they made believe that the plane
was owned by US nationals, which he, as a lawyer, clearly knew was not true. This all makes it fairly clear that all of these guys know each other.

The bolibourgeois seem all to be connected to each other and they seem to love nice homes and expensive toys like planes.

You have to love the robolution!

The Financial Times and CADIVI arbitrage

January 29, 2008

And the Financial Times discovers Oligarco Burguesito and how stupid and inefficient this Government has been:

“Some with enough contacts are making a living through arbitrage. People
with credit cards who cannot afford to use their dollars from Cadivi
sell their quotas to those who can. According to Cadivi, from January
to November last year, Venezuelans spent more than $4bn (€2.7bn, £2bn)
on credit cards abroad, compared with just over $1bn the year before.
By contrast, Cadivi approved only $2.2bn for food importers, even
though the nation is battling food shortages.”