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REALITY CHECK---WHAT ACTUALLY HAPPENS TO HUMANITARIAN US FOREIGN AID The crooked Guatemalan president absconded to the US w/ the country's foreign aid money.
Former Guatemala Prez used US banks to launder millions (Portillo was elected to (ahem) "redistribute" the nation's wealth)
READ ON An ex-president of the Central American country of Guatemala faced charges in New York that he used US banks to launder millions looted from his impoverished nation. Alfonso Portillo took office in 2000 pledging to (ahem) redistribute Guatemala’s wealth.
Portillo, 61, allegedly ran scams to drain the impoverished country's coffers. The feds say Portillo embezzled about $2.5M provided by the Taiwanese embassy....$1.5 million was earmarked for “Libraries for Peace”....books for school kids.
Portillo personally endorsed three, $500,000 checks issued against an account at the Intl Bank of China in Manhattan, then deposited the cash in the Miami bank account of a Guatemalan bank controlled by “a close associate and political supporter”.
The embezzled money was funneled to bank accounts in Paris in the names of Portillo’s ex-wife and daughter.
Portillo swindled nearly $4M defense funds ...and plundered the national bank run by his alleged co-conspirator through overdrafts financed by public reserves.
Stolen foreign aid money paid for expensive watches and cars, for Portillo and his associates, according to the indictment. (NY POST 5/28/13)
SOURCE http://www.nypost.com/p/news/local/former_guatemala_program_used_from_bJ7Akdr3YK85070OumW5FN
(more below)
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REMINDER: $266 million of our tax dollars are going to Central America federales to "Help them assist child victims of violence."
Guatemalan President Otto Perez warns the US will be
inundated w/ even more contagious illegals if billions
of US tax dollars are not handed over.
GUATEMALA CITY (Reuters) - The United States should provide billions of dollars to help Central American nations curb the flow of illegal migrants, Guatemalan President Otto Perez said, and his government warns the problem will get worse if Washington fails to help.
Fleeing violence, trying to reach relatives already in the United States or seeking jobs, record numbers of child migrants from Honduras, Guatemala and El Salvador have been stopped at the southern U.S. border this year, causing widespread alarm. Last month, the three countries pitched Washington an ambitious development plan to confront the issue.
They want to pump about $10 billion into the region to create jobs and lift living standards, with the bulk of funding coming from the United States, Perez told Reuters. He hopes the plan could come up with about $2 billion a year from 2015 to 2019, a sum he equated to roughly 10 percent of annual U.S. spending on border security and immigration enforcement.
"Now we understand it's not simply a question of the United States saying: 'Right, here's $2 billion a year for five years' for example - the governments of the three countries have to play their part too," the conservative Perez, who took power in early 2012, said in an interview late on Monday.
The US aid package would boost infrastructure and provide more jobs in all three countries, especially in areas that send large numbers of migrants to the United States, he added.
The three Central American governments are urging the United States to shoulder the lion's share of the costs, arguing that U.S. demand for illegal narcotics has fueled violence among drug gangs across much of the impoverished region.
"The United States has to support this, it has no other option," Guatemala's foreign minister, Carlos Morales, told Reuters. "If they don't support it, the crisis will kick off again, you can count on it."
Perez said he hoped the United States would put up about 60 percent of funding. "But we'll have to discuss it calmly and see what each individual country can do, and what can be achieved by common consent."
During meetings in New York in September, U.S. Secretary of State John Kerry told Central American officials he hoped Congress could approve about $300 million in funding, Morales said, noting the sum was "nothing" given the scale of the problem.
Central American leaders are due to meet Vice President Joe Biden on Nov. 12 in Washington to sound out U.S. support for their plan, Morales added.--SNIP--
(Reporting by Dave Graham; Editing by Kieran Murray) http://news.yahoo.com/u-stump-billions-curb-central-america-migration-perez-171130651.html
