Report: Chavez Brothers Amassed Riches of $2B

Tuesday, 05 Mar 2013 08:49 PM

By Marti Lotman

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
The Chavez Frias family has “amassed a fortune” comparable to that of Cuba’s Castro brothers, according to Criminal Justice International Associates, a risk assessment and global analysis firm in Miami, Fla.

“The personal fortune of the Castro brothers has been estimated at a combined value of around $2 billion,” Jerry Brewer, president of CJIA told News From Venezuela.
“The Chavez Frias family in Venezuela has amassed a fortune of a similar scale since the arrival of Chavez to the presidency in 1999,” Brewer said in an analysis.

Hugo Chavez died Tuesday, after a two-year battle with cancer. His death ends 14 years of rule, but leaves the socialist party firmly in control of the nation.

Cuba is receiving close to $5 billion a year from the Venezuelan treasury and in oil shipments and other resources, Brewer estimates.

He says that organized Bolivarian criminal groups within the Chavez administration have been responsible for taking nearly $100 billion out of the nearly $1 trillion generated in oil income made by Petroleum of Venezuela (PDVSA) since 1999.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

North Korea Denies Hack Involvement, Demands Probe

Saturday, 20 Dec 2014 07:25 AM

North Korea said U.S. accusations that it was involved in a cyberattack on Sony Pictures were "groundless slander" and d . . .

Cuban Relatives of US Spy in the Dark After News of Release

Friday, 19 Dec 2014 22:53 PM

His release from a Cuban prison has been as cloak-and-dagger as his spying career ever was.Not even the family of Roland . . .

China State Media Slams 'The Interview' as 'Arrogant'

Friday, 19 Dec 2014 22:28 PM

Chinese state media on Saturday slammed the irreverent movie at the center of a cyberattack on a Hollywood studio as se . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved