Equatorial Guinea has a per capita income of $37,900 yet 15% of their newborn don't make it to 5 years old and almost 80% of the population of 650,000 lives in close to the worst poverty on earth. Yet the son of the country's leader was able to buy a $30,000,000 house in Malibu, and that purchase was only small potatoes. Foreign Policy tells us more than we want to know about Teodoro Nguema Obiang Mangue, the son of Equatorial Guinea's dictator. It is truly unbelievable. Thirty-six high class cars, living at luxury hotels all over the world, a large personal staff, parties costing in the millions, $7,000 dresses for prostitutes. It goes on and on.
And while it goes on, the Justice Dept. and ICE investigations have found that he has violated many of our laws about money from foreign sources. In fact, Riggs Bank has been fined for helping him to violate our laws.
Why all this money? Why the ability to flaunt our laws? Oil.
And while it goes on, the Justice Dept. and ICE investigations have found that he has violated many of our laws about money from foreign sources. In fact, Riggs Bank has been fined for helping him to violate our laws.
Why all this money? Why the ability to flaunt our laws? Oil.
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