Chavez: Houses on Caribbean islands will be seized

http://venezuelanalysis.com/analysis/6147
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White Collar Criminal Francisco Illarramendi: Another Pawn in the Anti-Venezuela Campaign

By Venezuelanalysis.com, April 22nd 2011

U.S. lawyers involved in the case against accused dual U.S. and Venezuelan citizen white collar criminal, Francisco Illarramendi, have requested a three-month extension so as to fully uncover the extent of his illegal financial investment schemes that include millions of dollars from a workers’ pension fund of Venezuela’s state-owned oil company, Petroleos de Venezuela (PDVSA). Though some in the Venezuelan opposition have used the case to suggest fraudulent behavior within government circles, PDVSA President and Venezuelan Minister of Energy and Oil, Rafael Ramirez, recently announced the Chávez administration’s full intent to sue Illarramendi and recover funds frozen by the U.S. government in the legal process against him.

http://www.businessweek.com/ap/financialnews/D9LR2QF00.htm
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text size: TT

Conn. hedge fund exec admits guilt in Ponzi scheme

By DAVE COLLINS

HARTFORD, Conn.
A Connecticut hedge fund manager pleaded guilty in federal court Monday to multiple fraud counts and other charges in what prosecutors called a massive Ponzi scheme that could potentially cost investors hundreds of millions of dollars.
Francisco Illarramendi, 42, of New Canaan appeared in U.S. District Court in Bridgeport. He faces up to 70 years in prison, restitution to investors and forfeiture of assets. A sentencing date has not been set.
"While the precise dollar losses will not be known for some time, based on this fast-moving investigation, we believe this case represents the largest white-collar prosecution ever brought by this office," Connecticut U.S. Attorney David B. Fein said in a statement.

http://news.yahoo.com/chavez-houses-caribbean-islands-seized-023618004.html
Excerpt:

Chavez: Houses on Caribbean islands will be seized

By CHRISTOPHER TOOTHAKER - Associated Press | AP – 21 hrs ago

See latest photos »

CARACAS, Venezuela (AP) — Venezuelan President Hugo Chavez announced Thursday that his government will expropriate homes on the Caribbean resort islands of Los Roques, saying the structures were built on plots bought in shadowy business deals.

Chavez has nationalized hundreds of privately owned companies since taking office in 1999, but this is the first time he has targeted private homes for expropriation.
Chavez offered no details regarding the planned seizures of private homes and quaint inns, known in Spanish as "posadas."
"There are some houses that were illegally built. We're going to take them over," he said on television from the presidential palace.
The president said the government would build state-run inns on Los Roques, which is an archipelago of tiny islands offering snorkeling and scuba diving along numerous coral reefs and deserted white-sand beaches.

Lying 95 miles (150 kilometers) off the mainland, Los Roques is immensely popularly with foreign tourists seeking natural beauty and tranquility.

The archipelago is a paradise for nature lovers. More than 280 fish species, including rainbow-colored parrot fish and yellow striped angel fish, dance around divers in the crystalline waters. Brown boobies and scarlet ibises are among the dozens of bird species found on the islands.
Chavez's government has nationalized hundreds of businesses including cement makers, retail stores and steel mills as part of his drive to establish a socialist economic model in Venezuela. Authorities have also seized large swaths of agricultural land deemed idle by officials, turning parcels over to poor peasants.

Chavez spoke before meeting with Russia's Deputy Prime Minister Igor Sechin at the presidential palace. They discussed military cooperation and bilateral projects, including the creation of a $4 billion joint development bank that would be used to finance construction of housing and a natural gas pipeline in Venezuela.

http://english.pravda.ru/russia/politics/07-10-2011/119266-russia_venezuela-0/
Excerpt:

Russia may lose its oil contracts in Venezuela in case the pro-Western opposition comes to power in the country. Russian experts believe that Moscow must double-check the positions of the ally to decide whether the funding could be continued.

It was reported today that Russia and Venezuela signed the agreement to give Venezuela the loan of $4 billion to maintain the achieved level of defense cooperation with Russia.

Two billion dollars of the amount will be assigned next year, whereas the remaining two billion will be provided in 2013, RIA Novosti said.

Spokespeople for Venezuelan authorities previously said that they were intended to ask for two loans from Russia: $4 billion for arms and $6.5 billion for the development of infrastructure.

It appears that the fears were groundless.

Venezuelan President Hugo Chavez tells the IMF to go  &#*% Themselves
http://theintelhub.com/2011/08/17/hugo-chavez-outmaneuvers-the-nwo-by-securing-gold-sector/
Excerpt:
Yes, looks like the only foreign leader among the vast Criminal Cartel took the lead for usurping power in a pre-emptive strike against monopolization of Venezuela’s Resources – sorry IMF…
If that’s too complex to understand, try the alternate headline –
Venezuelan President Hugo Chavez tells the IMF to go  &#*% Themselves