Within a few weeks, the U.S. Congress will create a Financial Control Board (FCB) to rule over Puerto Rico.
If this isn’t bad enough, there is growing discussion that the Chairman of the FCB may be…Luis Fortuño.
LUIS “SCARFACE” FORTUNO
The concern over Luis Fortuño is well-founded. In four short years, as governor, Fortuño hijacked the Puerto Rican economy as ruthlessly as Tony Montana sold cocaine.
Fortuño fired 30,000 workers, raised taxes, and drove Puerto Rico into bankruptcy.
He spent $100 million on a “science & cultural project” that never materialized…and then the $100 million disappeared.
He then made $4,863,000,000 (nearly $5 billion) disappear for “orientation, publicity, consulting and personal services” contracts all over the island. To this day, no one knows where all this money went, or who received it.
Actually, that is not entirely true. We do know where $22.8 million of the money went. It was paid in legal fees to the Washington D.C. law firm of Steptoe & Johnson…the same law firm that hired Luis Fortuño, when he lost his re-election for governor.
Steptoe now pays him a multi-million dollar salary.
In other words, Luis Fortuño funded his own partnership and salary at Steptoe & Johnson, with $22.8 million in Puerto Rican tax dollars.
It was a very neat magic trick…but how does someone NOT go to jail for this?
A ROBBER IN PUERTO RICO…A “REFORMER” IN WASHINGTON
Somehow…through some strange alchemy…the robber in Puerto Rico has become a “reformer” in Washington, D.C.
From his multi-million dollar perch, as a partner in the law firm of Steptoe & Johnson, Fortuño now pontificates on a regular basis about the “mismanagement” and “government waste” in Puerto Rico.
He gives one interview after another…a non-stop media tour…saying that the government payroll must be reduced in Puerto Rico, that budgets must be responsible, and that creditors and bondholders must all be paid.
Fortuño claims that he “reduced” government spending by $2 billion, and “rescued” the taxpayers and workers of Puerto Rico.
What he conveniently omits, is that he borrowed over $16.5 billion in just four years – more than any other governor in Puerto Rican history – and then spent $9 billion of that in “private sector contracts” for his family, friends, and financial contributors to his PNP political party.
One friend alone – Pedro Ray Chacón – was awarded a $9.7 million contract for a gasoline pipeline that was never built.
The New York Times reported that “hope in government has returned” with Fortuño.
PREPARING TO ROB THE ISLAND…A SECOND TIME
As a partner in Steptoe & Johnson, Fortuño now “advises Fortune 500 companies on regulatory, financial, and corporate matters throughout Latin America.”
He writes articles for Fox News, saying that “Puerto Rico has a spending problem.”
He encourages the privatization of Puerto Rico through “P3” (Public Private Partnership) projects, with large U.S. corporations.
He is systematically building his brand as the “go to guy,” the beltway broker…the D.C. Puerto Rican who can anoint, promote, and launder U.S. corporate interests in Puerto Rico.
In short, Luis Fortuño is quietly positioning himself as the top political adviser to the Financial Control Board, and the top lobbyist for anyone who does business with them.
He is also lobbying, to be named the CHAIRMAN of the Control Board.
On Radio Isla (1320 AM), the newspaper El Nuevo Día, and Información al Desnudo, the discussion about Fortuño as “Chairman of the FCB” has continued for months…and no one seems very happy with it.
They realize instinctively, that Fortuño is preparing to rob the island…a second time.
For a history of the War Against All Puerto Ricans, read the book…
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