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Wed Apr 19, 2017, 11:42 PM

Cash-strapped Venezuela a major funder of Trump inauguration

Source: Associated Press

CARACAS, Venezuela (AP) President Nicolas Maduro may be struggling to feed Venezuela but his socialist administration still managed to make a $500,000 donation to Donald Trump's inauguration, records released Wednesday show.

Inaugural committee records filed with the Federal Election Commission show Citgo Petroleum, a U.S. affiliate of Venezuela's state oil company PDVSA, was one of the biggest corporate donors to events surrounding the swearing-in ceremony.

The donation topped that of some U.S. corporate giants including Pepsi ($250,000), Walmart ($150,000) and Verizon ($100,000) and was on par with the likes of JP Morgan Chase and Exxon, which each donated $500,000. It came in under Bank of America's $1 million contribution.

Even while accusing the U.S. of trying to overthrow him, Maduro has been careful not to antagonize the new U.S. president. But the Trump administration has recently stepped up criticism of Venezuela's government. In February, Trump met with the wife of a jailed opposition leader at the White House and on Tuesday the U.S. State Department issued a statement decrying violence against protesters.

Read more: https://apnews.com/835a25142094487d9788d8937f7350fd/Cash-strapped-Venezuela-a-major-funder-of-Trump-inauguration?utm_campaign=SocialFlow&utm_source=Twitter&utm_medium=AP

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Reply Cash-strapped Venezuela a major funder of Trump inauguration (Original post)
bathroommonkey76 Apr 19 OP
JHan Apr 19 #1
DetlefK Apr 20 #2
jeanmarc Apr 20 #3
metalbot Apr 20 #4
tanyev Apr 20 #5

Response to bathroommonkey76 (Original post)

Wed Apr 19, 2017, 11:47 PM

1. well well well

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Response to bathroommonkey76 (Original post)

Thu Apr 20, 2017, 04:33 AM

2. Essentially, Maduro tried to bribe Trump with $500,000 and it didn't work.

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Response to bathroommonkey76 (Original post)

Thu Apr 20, 2017, 04:48 AM

3. I can't believe I live in this world anymore. NT

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Response to bathroommonkey76 (Original post)

Thu Apr 20, 2017, 05:37 AM

4. It's more likely Russian money

Venezuela has basically pawned Citgo to Russia in exchange for loans - as in they literally put up Citgo as collateral.

http://money.cnn.com/2017/04/10/news/economy/russia-us-oil-company-citgo/

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Response to metalbot (Reply #4)

Thu Apr 20, 2017, 07:59 AM

5. That was my thought, too.

Just another form of money laundering.

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