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<h1 id="reader-title">Goldman Sachs steals $1.25 BILLION from
Puerto Rico…and uses two “governors” to cover it up</h1>
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<p>December 7, 2016<br>
</p>
<p><span>Puerto Rico has become the Wild West of Wall
Street fraud, with the island’s politicians guiding
the robbers. The latest scam – netting more than one
billion dollars – was engineered by Goldman Sachs and
executed by two governors from BOTH political parties:
Alejandro Garcia Padilla (PPD) and Luis Fortuño (PNP).</span></p>
<p><span>They used the island’s most profitable highway,
PR-22, in order to steal $1.25 billion dollars. Here
is how…</span></p>
<p><span>PR-22, aka José de Diego Expressay, is 51 miles
long. It runs from Santurce to Hatillo, passes through
San Juan, and is the <span><a
href="https://gdbapp.gdb-pur.com/prcreditconference/documents/2010PuertoRicoCreditConference-PRHTA.pdf"
target="_blank">island’s busiest highway</a></span>.
Every day, more vehicles pass through PR-22, than any
other road in Puerto Rico.</span><br>
<br>
<span>The annual toll revenues from PR-22 are $85
million.</span></p>
<p><span>In 2011, Luis Fortuño turned PR-22 into a “public
private partnership” (aka “P3”) with <span><a
href="http://caribbeanbusiness.com/fortuno-named-to-abertis-board/"
target="_blank">Goldman Sachs</a></span> and a
Spanish corporation named Abertis.</span></p>
<p><span>This P3 gave Goldman Sachs and Abertis a <span><a
href="http://newsismybusiness.com/1-4b-highway-ppp-contract-awarded-to-goldman-sachsabertis-consortium/"
target="_blank">40-year lease</a></span> on PR-22
and PR-5, for which they would receive 50% of the toll
revenues (roughly $1.8 billion) in exchange for a $1.4
billion investment, for a profit of approximately $400
million.</span></p>
<p><span><strong>AND THEN THEY GOT SLICK</strong></span></p>
<p><span>The ROI (return on investment) on this deal
seemed reasonable…but now in 2016, the deal suddenly
changed.</span></p>
<p><span>In the immortal words of Johnny Guitar Watson,
“Somebody doing something slick…downtown.”</span><br>
</p>
<p><span class="embed-youtube"></span></p>
<p><span>Five years into the deal, in April 2016, Gov.
Garcia Padilla quietly altered the initial contract.</span></p>
<p><span><strong>LET’S DO THE MATH</strong></span></p>
<p><span>Under the <span><a
href="http://caribbeanbusiness.com/fortuno-named-to-abertis-board/"
target="_blank">new terms</a></span>, in exchange
for an additional investment of only $115 million, the
governor decreased the island’s revenue share on PR-22
from 50% to 25%, <em>and </em>extended the lease
term for an additional 10 years.</span></p>
<p><span>So for 35 years, Goldman/Abertis will receive an
additional 25% annually…</span></p>
<p><span>and…</span></p>
<p><span>For 10 new additional years, they will receive
75% of 85 million.</span></p>
<p><span>The math works out like this:</span></p>
<p><span>25% additional of $85 million per year x 35 years
= 21 x 35 = $735 million</span></p>
<p><span>plus…</span></p>
<p><span>75% of 85 million x 10 years = 63 x 10 = $630
million</span></p>
<p><span>The total added revenue is thus $1,365,000,000
($1.365 billion), on an investment of $115 million…for
a new, additional profit of <strong>$1.25 BILLION</strong>.</span></p>
<p><span>Did you hear about this?</span></p>
<p><span>I certainly didn’t.</span></p>
<p><span>Somebody doing something slick…downtown.</span></p>
<p><span><strong>LET’S BRIBE THE $16 BILLION DOLLAR MAN! </strong></span></p>
<p><span>Now eight months later, in December, a little
news item emerges in <em>Caribbean Business. </em>
Luis Fortuño was just named onto the <a
href="http://caribbeanbusiness.com/fortuno-named-to-abertis-board/"
target="_blank"><u>board of directors of Abertis</u></a>,
because it wants “independent directors on its
board…seasoned experts with a variety of professional
profiles.”</span></p>
<p><span>Fortuño is certainly seasoned.</span></p>
<p><span>He marinated himself in public debt, during his
brief stint as governor, by “<span><a
href="http://caribbeanbusiness.com/the-sinking-of-the-gdb/"
target="_blank">borrowing” $16 billion</a> </span>from
Wall Street. In just 4 years, Fortuño “borrowed” more
money from Wall Street, than any other governor in
Puerto Rican history.</span></p>
<p><span><span><a
href="https://waragainstallpuertoricans.com/2016/02/16/the-drug-dealer-of-puerto-rico-governor-luis-fortuno/"
target="_blank">$9 billion</a></span> of that
money was spent on “<span><a
href="http://www.primerahora.com/noticias/gobierno-politica/nota/gobiernodefortunootorgounpresupuestoenteroencontratos-1097404/"
target="_blank">private contracts</a></span>”
which, to this day, have not been accounted for.</span></p>
<p><span>So at the <em>precise </em>moment that a new <strong>$1.25
billion scam</strong> goes public, one of the key
players hires Fortuño for a “board membership” that
will provide elegant vacations to Spain for Fortuño’s
family, and hefty board fees to Fortuño.</span></p>
<p><span>Fortuño is being bribed – some would say “hired”
– to provide Abertis and Goldman Sachs some additional
influence over the Financial Control Board (FCB),
which is supposed to “investigate” these questionable
deals.</span></p>
<p><span><strong>A WORD TO THE JUSTICE DEPARTMENT</strong></span></p>
<p><span>Puerto Rico allegedly “owes” $72 billion, and the
FCB was allegedly created to help them pay it.</span></p>
<p><span>One of the best ways to do this is to
investigate, annul and even <em>prosecute </em>any
questionable deals which provide extraordinary and
unexplainable profits to a few individuals and private
entities, at the expense of the entire Commonwealth.</span></p>
<p><span>If the FCB does not investigate and prosecute
this <strong>$1.25 billion scam</strong> which
involves a foreign corporation, a US investment bank,
two governors and both major parties in Puerto Rico,
then the FBI and the US Justice Department should step
in…and investigate the FCB, as well.</span></p>
<p><span>They can start by using the <span><a
href="https://www.law.cornell.edu/uscode/text/18/part-I/chapter-96"
target="_blank">RICO statute</a></span>.</span></p>
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