Prolijo wrote:
Re: ID's post, I'm not sure I see the relevance. A scummy con artist makes unsubstantiated CLAIMS of connections to SOME of the casinos as a way of explaining how he was able to offer the high returns he did (the Villalobos Bros. used "factoring" as their source of profits). The article itself seemed to call into serious question the credibility of those claims and painted Milanes's business as more likely just another Ponzi scheme. It seems pretty clear successful casinos like the HDR didn't need his investments (although they may have invested with him) and he was most likely really just using the money from his later investors to pay off his earlier ones (and enlarging his Swiss bank accounts) rather than investing it into anything real, like casinos, that would offer a genuine return.
Sorry the article did not make it clear because it was about the situation today. There is no doubt that Luis Milanes, AKA "The Cuban", ran those casinos before he took the money and ran. Investors have maintained, not sure how accurately, that he still controls them.
_________________
Pura Vida
Only Irish coffee provides in a single glass all four
essential food groups:
alcohol, caffeine, sugar and fat.
Alex Levine
Login
Register
FAQ
Search
Calendar
