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Hidden Fortunes: Drug Money, Cartels and the Elite Banks [LARGE PRINT]
by Eduardo Varela-Cid, Fabian Baez (Contributor)

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Paperback - 398 pages (April 1999)
Bookworld Services; ISBN: 0966996801 ; Dimensions (in inches): 1.08 x 8.97 x
6.06
Amazon.com Sales Rank:  348,248
Avg. Customer Review:
Number of Reviews: 2

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Reviews

Editorial Reviews (2)   Customer Reviews (2)
Editorial Reviews

Book Description

Money laundering in USA: Bank of Boston and Citibank drug money, cartels and
the elite banks
-Bank of Boston laundered $ 1.2 billion from the trafficker Genaro Angiullo.
They pled guilty and paid a fine of $500,000

-The complete story of Citibank dealings with Raul Salinas de Gortari, Amy
Elliott, Persecutor Carla del Ponte, Hubertus Rukabina and the Confidas
subsidiary; information you need to know to understand what is going to
happen.

-The story of the real money laundering in USA. The relationship between the
Mafia and the politicians not only in South America.

-The so-called "War on Drugs" is a hysterical farce.

-The honest are afraid of the corrupts.

'Two powerful men, Carlos Salinas de Gortari, President of Mexico, and John
Reed, head of Citibank, are supposedly ignoring what the third man, Raul
Salinas de Gortari, did to accumulate an enormous personal fortune in Swiss
and British banks. As in the times of Watergate, the press and society have
to ask the tough question in order to know who knew what and when they found
out. The President of bank, John Reed, and the adjunct president in charge of
Latin America, Bill Rhodes, has the fiduciary responsibility of making sure
that no money laundering operations are executed under Citibank auspices.>

Mike Wallace, of CBS program "60 Minutes."
About the Author

Eduardo Varela-Cid was a well-know congressman in Argentina, and Vice
President of the Latin American Parliament from 1989 to 1995.

He co-authored many of the anti-drug laws currently in place in South
America. Yet with painful intellectual honesty he now realizes that these
laws are not working.

He fought publicly for many years against the Mafia boss, a Syrian-Argentine
named Alfredo Nallib Yabran.

Varela-Cid is to the Argentine political system what Serpico was to the New
York City Police Department many years ago.

Both were banished for not adhering to unwritten codes.


Customer Reviews
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Citibank, Boston Bank, Guardians of the Drug Trade

Reviewer: A reader  from USA       July 24, 1999

Recently when Raul Salinas -- brother of Mexican ex-President Carlos Salinas
de Gortari -- was caught sending hundreds of millions of dollars out of his
country, the money trail led to Citibank in New York.
Citibank, in turn, was passing the loot along to prestigious banks in
Switzerland and Lichtenstein. It appears that the chief executives of the
various banks in this laundering opereation were all friends. Understandably
-- this kind of money is the basis for a very good friendship.

But the money comes from the Drug Trade, responsible for the devastation of
societies and families world-wide. Yet it matters not to the elite banks
where the money comes from, only where it ends up: in their accounts.

What makes this book different is the knowledgeable perspective of the
author, Eduardo Varela Cid, a well-kown Congressman from Argentina and also a
former Vice Pres. of Latin American Parliament.Varela Cid co-authored many of
the anti-drug laws currently in place in many South American countries.

Varela-Cid's good friend Lara Bonilla, a Colombian Minister, took seven
cartel bullets to his head as a reward for his efforts to extradite the Drug
Kings from Colombia to stand trial in the USA. This is what can happen to a
fighter - a politician or a journalist - outside the spheres of power, beyond
the protection of the elite banks and the cartels.

The primary thesis of this book is that the elite banks are a critical
problem -- because no big business can run efficiently without them.
Particularly an immense business like the world Drug Trade which counts on
the banking system to pay its employees world-wide, and get illicit money
back into legal channels.

And yet it is not the smaller, unknown banks that are involved, but the major
banks known to all of us; the ones in which you and I keep our money.

Varela Cid gives this book his all. He is a fighter who took on the cartels
in South America daily: on televison, in newspapers, from Parliament
--wherever he could find a forum.
This book gives names dates and places. It is a direct challenge to the banks
and the cartels, to the individuals who run these operations.
Read it!

Was this review helpful to you?

The Elite Banks are the critical problem, not the solution

Reviewer: A reader  from USA       July 22, 1999

Eduardo Varela-Cid, a former Vice President of Latin American Parliament from
1990-1995, digs deep inside the Latin American and World Drug Trade, and
follows the money trail to Citibank, among others. The banks are a critical
part of the problem -- they allow the drug trade to flourish by providing the
financial machinery necessary to big business. When the banks could actually
be a part of the solution; they are in the best positiion to deal a crippling
blow to the cartels.

This book is highly interesting for its choice of events, anecdotes, and
riveting analyses -- there is a pervasive sense of irony as well in the face
of the alleged "war on drugs" staged by the USA and others.

HIDDEN FORTUNES is an insiders account, told from the ground level, from the
trenches. It brings forward all of the hypocrisy prevalent in the current
relationships between the world political and financial powers that profit
off of this immense business, and the cartels.
The opening chapter on Columbia is especially good and dramatic in its
description of the strange and tragic life of the young children -- the
sicarios -- who pull the triggers in the streets for their bosses.
The drug business is among the most lucrative in the world -- truly an
international, world-class mega-power, and this book gets deep inside it. It
is risky.
Highly recommended.



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