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Maduro Nephews Arrested After Attempting To Smuggle 800 Kilos Of Cocaine Into The US

Tyler Durden's picture




 

For those unaware, Venezuela is one of the quintessential examples of what we like to call a Socialist paradise and to be sure, we’ve had our fair share at the country’s expense. 

From toilet paper shortages, to images of empty shelves, to hapless President Nicolas Maduro being pelted in the head with a mango by an angry Venezuelan woman, the country never disappoints when it comes to producing absurd outcomes. Years of incompetence have led to inflation on a massive scale, with the black market bolivar exchange rate now so low that a hundred bolivar note will buy you just 14 cents. Needless to say, slumping crude prices haven’t done the country any favors either and as we outlined a few days back, the country has now resorted to selling its gold to make bond payments. 

What’s amusing to note is that even as everyday Venezuelans watch in horror as their purchasing power evaporates virtually by the day, Venezuelan government officials have been variously accused in the past of drug smuggling, a side job that can be quite lucrative especially when you share a border with Colombia. As Reuters notes, “The U.S. State Department said in a report in March corruption in Venezuela facilitates drug smuggling, and it implicated high-ranking Venezuelan government officials in the trade. The U.S. Treasury has placed nine Venezuelan officials on a ‘kingpin’ list, which bars those suspected of involvement in large-scale drug trafficking from the U.S. financial system.”

With that in mind, consider that on Tuesday, two of Maduro’s nephews were arrested in Port-au-Prince, Haiti, after they allegedly contacted a DEA informant requesting assistance in their effort to smuggle some 800 kilos of cocaine to the US where it was apparently bound for New York. Here are the details via WSJ:

[They] also sent pilots to talk to an airport official at Roatán about the drug trafficking scheme, according to a U.S. document. “It looked like amateur stuff,” said a person with knowledge of the matter.

 

In subsequent meetings in Venezuela, this person said, the two Venezuelans brought a kilogram of cocaine to a confidential informant to show the quality of the promised shipment, which was to be sold in New York. Agents filmed and taped the meetings with the Venezuelans, this person added.

The two men, Efraín Antonio Campo Flores and Francisco Flores de Freitas, are nephews of Cilia Flores, Maduro’s influential wife.

As WSJ goes on to note, The First Lady - or, as she’s called in Venezuela, “The First Combatant” - has put many of her relatives in important government positions, including another nephew, Carlos Erick Malpica Flores, who is the chief financial officer of state oil company Petróleos de Venezuela and the country’s treasurer.” More, from Reuters:

She worked on the legal team of late socialist leader Hugo Chavez, working to secure his 1994 release from prison after a failed coup attempt.

 

In 2006, she became the first woman elected to lead the legislature, taking over that role from Maduro, and is registered as a candidate in the Dec. 6 legislative elections.

The arrest came as the US attempts to crack down on what Washington alleges is rampant drug activity among Venezuelan politicians and officials including Diosdado Cabello, president of the country’s National Assembly.

Needless to say Maduro isn't happy:

That's, "The fatherland will follow its course. Neither attacks nor imperialist ambushes can harm the people of the liberators."

Right, whatever that means. 

Fortunately for Maduro, he may be able to use the incident to his political advantage at a key time. From The Telegraph:

The case is a major embarrassment for Mr Maduro, three weeks before the ruling Socialist Party heads towards parliamentary elections. For the first time in 16 years polls suggest the Socialists could lose control of the 167-seat national assembly.

 

Some analysts said that the arrests could play into Mr Maduro's hands, because he frequently styles himself as defending Venezuela against outside interference.

 

"The timing is hardly ideal," said Michael Shifter, president of the Washington-based Inter-American Dialogue think tank.

 

"The arrests could give Mr Maduro the excuse he was hoping for to declare a state of emergency and postpone the elections.

 

"He will blame the arrests on US imperialism and see them as an attempt to undermine his government."

That possibility is itself hilarious as Maduro is scheduled to speak today at The United Nations Human Rights Council in Geneva regarding Venezuela's reputation for sitfling dissent. Demonstrators reportedly organized a protest outside the UN gates. 

In any event, this will certainly be an amusing case to follow. Maduro's nephews were due to appear before a New York judge today. If Venezuelan officials are heavily involved in the trafficking of cocaine to the US, maybe they can do their patriotic duty and use of the proceeds to offset the FX reserve burn before the country defaults.

 

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Thu, 11/12/2015 - 14:42 | 6783076 venturen
venturen's picture

was he bring it to Obama or Hillary? Was Holder his bag man?

Thu, 11/12/2015 - 14:46 | 6783100 stinkhammer
stinkhammer's picture

Well, you can know about me when you stop fucking around and start doing business with me, Hector! 

Thu, 11/12/2015 - 15:01 | 6783170 Four chan
Four chan's picture

dont mess with the cia's monopoly.

 

play along, and you might be gifted the presidency like bill clinton.

Thu, 11/12/2015 - 15:02 | 6783190 NoVa
NoVa's picture

Those stupid nephews should have used Pepsi, Pepsi (no Coke)

 

NoVa

Thu, 11/12/2015 - 15:13 | 6783242 pods
pods's picture

Was that a half kilo each for Goldman's new managers?

Party is gonna suck now.

pods

Thu, 11/12/2015 - 15:20 | 6783265 Ignatius
Ignatius's picture

Looks to me like the nephews are just implementing a proven and successful business model pionered by the Bush Clan, AKA, The Family of Secrets.

Thu, 11/12/2015 - 15:20 | 6783266 Save_America1st
Save_America1st's picture

The CIA hates competition. 

Cocaine Importation Association

Thu, 11/12/2015 - 15:39 | 6783356 Overfed
Overfed's picture

They could have saved themselves a whole lot of hassle if only they had donated more $$ to the Shitlery for President campaign.

Thu, 11/12/2015 - 20:29 | 6784628 StychoKiller
StychoKiller's picture

These enterprising Guys were just trying to "Diversify" the Venezuelan Economy!

Thu, 11/12/2015 - 15:02 | 6783178 major major maj...
major major major major's picture

They did not get the memo on the 425 new MDs and goldman?  Some dudes are going to be pissed the good shit is not in town.

Thu, 11/12/2015 - 14:49 | 6783118 HowdyDoody
HowdyDoody's picture

What an amazing coincidence. Relatives of the leader of a state under attack by the US personally smuggling drugs into the US. It is almost as if they wanted to be caught allowing regime change to go ahead unhindered.

 

Thu, 11/12/2015 - 15:31 | 6783283 Normalcy Bias
Normalcy Bias's picture

The real shocker in this story comes while considering all of the smoking hot latinas in Venezuela, and he married... her.

¡Dios mío!

Thu, 11/12/2015 - 15:09 | 6783221 junction
junction's picture

If they were George Bush 39's nephews, these two would get a severe tongue lashing for not shipping in more cocaine.  Bush arranged through Pablo Escobar to ship in tons of cocaine weekly via the Mena, Arkansas airport, the Clinton drug pipeline.  Senate Majority Leader McConnell wife's father got caught with some 50 kilos of cocaine on one of his Europe bound ships (stashed in a locker) and the corporate press was totally silent, as if the drug smuggling by McConnell's in-law (and cash campaign supporter) was an official secret.

Thu, 11/12/2015 - 14:43 | 6783080 moonmac
moonmac's picture

Obama said he only snorted coke when he had the money. The millions he earned from his books explaining his drug use must all be going up his nose!

Thu, 11/12/2015 - 14:43 | 6783083 KnuckleDragger-X
KnuckleDragger-X's picture

800 kilo's=a two day supply for Wall St........

Thu, 11/12/2015 - 14:46 | 6783097 Bunga Bunga
Bunga Bunga's picture

but two days without dope can crash the whole stock market.

Thu, 11/12/2015 - 14:52 | 6783136 herkomilchen
herkomilchen's picture

it would explain today's dip

Thu, 11/12/2015 - 15:11 | 6783228 Uncle Sugar
Uncle Sugar's picture

800 kilos or a quarter point interest rate hike

Thu, 11/12/2015 - 19:37 | 6784466 Theosebes Goodfellow
Theosebes Goodfellow's picture

Cocaine is the real reason we will never have a "cashless" society. You just can't buy the shit with your debit card.

Thu, 11/12/2015 - 14:43 | 6783084 e_goldstein
e_goldstein's picture

The Bush family is going to be pissed.

Thu, 11/12/2015 - 15:05 | 6783169 Dr. Engali
Dr. Engali's picture

No, the Bush's have the heroin market cornered. They can get the most bang for their buck by going for the low end CONsumer. It's a far larger growing market.

Thu, 11/12/2015 - 15:17 | 6783257 e_goldstein
e_goldstein's picture

I was talking about personal consumption, doc ;-)

Thu, 11/12/2015 - 14:45 | 6783095 zeroaccountability
zeroaccountability's picture

My Gawad!  Who in the world is snorting all that nose candy?  ;/)

Thu, 11/12/2015 - 14:47 | 6783104 Dr. Engali
Dr. Engali's picture

Typical, capitalism for the ruling elite, and socialism for the proles. People will never learn. 

Thu, 11/12/2015 - 14:47 | 6783105 Mick Shrimpton
Mick Shrimpton's picture

Hmmm, Maduro.  I wonder if they had anything to do with Clinton/Lewinsky.  Maybe she prefers a Claro.

Thu, 11/12/2015 - 14:49 | 6783120 zeroaccountability
zeroaccountability's picture

Word has it she's into White Owls.

Thu, 11/12/2015 - 15:12 | 6783233 pods
pods's picture

More like White Owls were into her.

Thu, 11/12/2015 - 14:50 | 6783124 ghostzapper
ghostzapper's picture

Cramer does it yet again!

Thu, 11/12/2015 - 15:12 | 6783230 Mr. Schmilkies
Mr. Schmilkies's picture

I didn't downvote you.

Thu, 11/12/2015 - 14:54 | 6783148 buzzsaw99
buzzsaw99's picture

...after they allegedly contacted a DEA informant requesting assistance in their effort to smuggle some 800 kilos of cocaine to the US where it was apparently bound for New York.

bound for goldman sachs employees.

Thu, 11/12/2015 - 15:54 | 6783424 e_goldstein
e_goldstein's picture

They're going to get their Christmas bonuses one way or another.

Thu, 11/12/2015 - 14:57 | 6783149 Glass Seagull
Glass Seagull's picture

 

 

Collateral for the new GS-provided revolver?

 

GS bankers going to impair the shit out of said collateral.

 

"Nico, we found a problem with your collateral.  It's 65% inositol powder.  We're calling our recent line of credit.  Oh, and we'll keep the collateral to make up for the lost interest."

Thu, 11/12/2015 - 14:55 | 6783150 Bill of Rights
Bill of Rights's picture

Ha ha ha ha Fuck'en socialists such scum.

Thu, 11/12/2015 - 15:14 | 6783245 Colonel Klink
Colonel Klink's picture

Just like those serving in CONgress.  Not much difference between them now.

Thu, 11/12/2015 - 14:59 | 6783172 divedivedive
divedivedive's picture

I'd feel a little better about this story if the nephews were arrested in New York as they landed with all their coke for resale rather than having some DEA informant in Haiti facilitating the arrest. Just how many DEA informants are there outside the US ?

Thu, 11/12/2015 - 15:17 | 6783254 Colonel Klink
Colonel Klink's picture

Makes total sense though, that coke can just be "disappeared" by the corrupt DEA/CIA and resold on US streets for retail.  That would be much harder if it was remanded into some potentially honest DA's custody.

Thu, 11/12/2015 - 15:01 | 6783187 Colonel Klink
Colonel Klink's picture

Riiiiiiight Maduro!  Sounds like a total line of bullshit to me.  You're wrecking your country just fine without our help.

Thu, 11/12/2015 - 15:02 | 6783194 American Sucker
American Sucker's picture

The Maduro boys are about to learn this the hard way: don't ever try to muscle in on CIA turf.

Thu, 11/12/2015 - 15:08 | 6783220 Omega_Man
Omega_Man's picture

How dare they compete with the CIA!!! 

Thu, 11/12/2015 - 15:09 | 6783226 surf0766
surf0766's picture

oh those poors socialists or communists...

They care so much for the peeps.

All your coke are belong to us.

Thu, 11/12/2015 - 15:13 | 6783241 carbonmutant
carbonmutant's picture

IDK who the banker's current suppliers are but it appears these two were trying to grab a piece of somebody else's market...

Thu, 11/12/2015 - 15:19 | 6783262 NotApplicable
NotApplicable's picture

I like to think they were doing their patriotic duty to shore up government revenues.

Thu, 11/12/2015 - 15:28 | 6783298 youngman
youngman's picture

Does he own a Delorean car?????

Thu, 11/12/2015 - 15:37 | 6783340 Jack Oliver
Jack Oliver's picture

What about the CIA and their billion dollar a year Afghani Herion GIG !!! 

Thu, 11/12/2015 - 15:44 | 6783377 Oldrepublic
Oldrepublic's picture

Standard DEA sting operation, had a plane waiting at Port au Prince to fly them to NYC.

Thu, 11/12/2015 - 16:03 | 6783459 SantaClaws
SantaClaws's picture

This story doesn't make sense.  If high-ranking Venezuelan government officials are moving illegal drugs, then why are these nephews reinventing the wheel on their own?  Why not use established drug connections?

 

These nephews could have learned more by watching such narco-trafficking television programs like El Senor de los Cielos (if for no other reason than to drool over Carmen Villalobos and some of her co-stars), El Cartel Dos, En la Boca del Lobo, etc.

 

Sounds more like they were paid to somehow discredit the Maduro regime, a probably unnecessary effort since most of Maduro's wheels are already off.

Thu, 11/12/2015 - 16:16 | 6783540 unity100
unity100's picture

Nonsense.

 

If they were drug traffickers and dirty as advertised, they would have mules running the drugs for them. no head honcho runs drugs himself.

 

.............

 

Its basically just a dirty US state dept. move to try to make Venezuelan government bad and that's that. 

Thu, 11/12/2015 - 16:23 | 6783587 22winmag
22winmag's picture

How are they going to boost GDP taking this much blow out of circulation?

Thu, 11/12/2015 - 16:38 | 6783691 The Count
The Count's picture

If you don't have clearance to land your shit on a military base you might as well just turn yourself in.

Thu, 11/12/2015 - 16:44 | 6783720 Dre4dwolf
Dre4dwolf's picture

I mean if you are going to run a country like a criminal atleast doit with some class.

Look at the U.S. govt, most of the criminals spend their time playing golf, smoking cigars and banging prostitutes in limos.

 

Thu, 11/12/2015 - 16:54 | 6783778 johnlocke445
johnlocke445's picture

Something stinks here. Why would the nephews of Maduro, who have all the money and power in the world, need to risk life in prison by smuggling in drugs into the United States? This was a set-up by the criminals in Washington.

Thu, 11/12/2015 - 16:58 | 6783800 silverer
silverer's picture

Capitalism once again under attack...

Thu, 11/12/2015 - 17:06 | 6783828 prymythirdeye
prymythirdeye's picture

US officials are heavily involved with the trafficking of cocaine, so why is it so hard to imagine most if not all governments are involved with this shit?

Thu, 11/12/2015 - 17:29 | 6783960 ShakaZulu
ShakaZulu's picture

800 Kilos?  Isn't that like how much Kardashian's ass weighs?  Should be enough for a lifetime supply really...

Thu, 11/12/2015 - 17:39 | 6784011 ShakaZulu
ShakaZulu's picture

My nephews have never so much as bought me a cup of coffee.  But then I don't run a banana republic either.

Thu, 11/12/2015 - 17:53 | 6784088 Youri Carma
Youri Carma's picture

Clinton gang doesn’t like that. Because biggest U.S. Cocaine dealer? The Clinton gang. Biggest U.S. heroin dealer? The Bush gang.

Do you vote heroin or cocaine?

Thu, 11/12/2015 - 18:24 | 6784223 Tarshatha
Tarshatha's picture

Venezuela's only crime is they have oil, gold and won't blow America.

More boots on the ground talk again?

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