Univision, the largest corporate media network in the United States that focuses on Latino issues, is owned by billionaire-controlled private equity firms. This massive media conglomerate acts as a mouthpiece for conservative forces and corporate interests across Central and South America.
Up to $24 billion worth of Venezuelan public assets have been seized by foreign countries, primarily by the United States and the European Union.
Trump insisted that he would “make Mexico pay” to build a gargantuan wall covering all of the roughly 2,000 miles (3,145 kilometers) of its northern border. Unable to force the country to fund his $18 billion pet project, which has already cost an estimated $30 million per mile in southern Texas, Trump has turned to other questionable sources of financing.
Trump’s administration has used at least $601 million of that looted Venezuelan money to fund construction of its border wall with Mexico, according to government documents first reviewed by Univision.
The United States has seized at least $1 billion of Venezuelan public funds that Washington in turn claimed were supposedly being stolen by government officials, according to Univision. This is in addition to the billions more worth of Venezuelan state assets that have been illegally taken over by the Trump administration, the most important of which is Caracas’ crown jewel, the oil refinery Citgo.
“None of that money… has been returned to the Venezuelan people,” Univision reported. “Instead, most of the money is being collected by the U.S. Justice and Treasury Departments and held in special forfeiture funds used mostly to fund law enforcement investigations.”
Univision was clearly upset that the Trump administration had not given the self-declared “Guaidó government” the money that it stole from Caracas.
“When it comes to who gets to keep the money from those looted assets, the U.S. appears unwilling to relinquish the cash,” Univision wrote.