Cuba decries US theft of govt funds

Published time: April 17, 2012 11:52
Edited time: April 17, 2012 15:52
Cubans march in front of the US Intersection offices holding posters of Jose Marti and Abraham Lincoln in Havana in protest of proposed US legislation regarding the economic embargo against Cuba in effect for the past 38 years. (AFP Photo / Adalberto Roque)

Large chunks of Cuban funds held by the US as part of the blockade against the island nation have been stolen, reports Cuban newspaper Granma. Castro’s government accuses the US of siphoning millions to indemnify anti-Cuban activists.

The newspaper says it has evidence of repeated expropriations over the years that have been eating away at the “frozen” funds.

The Cuban National Treasury says that the US has a total of $245 million of the nation’s funds that could now be under threat.

They claim that funds confiscated as a result of the “laws and regulations” of the blockade were not frozen and “had been stolen.”

“During a number of years money and assets belonging to Cuban citizens and companies have been repossessed as part of an economic war with the Caribbean nation,”
writes the publication.

As well as monetary assets, the US has also seized inheritances and awards given to Cuban citizens in international competitions and sporting events.

The article cites four cases in which the US government released Cuban funds to indemnify family members of individuals who had carried out “anti-Cuban activities.”

According to the report, between the years of 1996 and 2006 money has been extracted from the Cuban funds on four separate occasions, totaling $170 million.

In October of 1996, President Clinton ordered $1.2 million in Cuban funds to be released to families of members of the anti-Castro group “Brothers to the Rescue” who were shot down by the Cuban military.

The group was founded in 1961 and dubs itself as a humanitarian organization aimed at assisting raft refugees emigrating from Cuba to the United States. The Cuban government on the other hand regards "Brothers to the Rescue" as a terrorist group and has accused them of numerous incursions into Cuban airspace.

Again in February of 2001, President Clinton approved the transfer of another $96 million of Cuban government funds to indemnify families of the organization.

In April of 2005 the Bush administration handed over $198 million dollars to Miami resident of Cuban origin Ana Margarita Matinez by way of compensation. In 2001, a Miami court ruled that she had been the victim of torture and sexual abuse supposedly carried out by a Cuban agent.

In response to a ruling by a federal judge in New York in November 2006, bank JP Morgan Chase transferred a total of $72 million to the families of Anderson MacCarthy and Ray Weininger, who were shot down by Cuba in the 1961 Bay of Pigs invasion.

Along with Iran, Sudan and Syria Cuba is currently classified as a “state sponsor of terrorism” and as such is subject to financial sanctions on the part of the US.

The blockade against the Caribbean nation was imposed in 1960 after the Cuban government nationalized the property of US citizens and corporations. According to the Cuban Democracy Act the embargo will be maintained until the country begins a shift towards “democratization and greater respect for human rights."

The blockade constitutes a violation of international law and has cost Cuba an estimated $975 billion since its creation. The UN General Assembly has consistently condemned the embargo as illegal and called for its end every year since 1992.

The embargo has had significant consequences on the Cuban economy, among other things causing medical shortages that have led to the outbreak of diseases on the island.

Comments (31)

Ibarruri 14.05.2012 19:45

The Heroic Cubans are undaunted by the crimes the US keep commiting against them , Why ? because as the cubans always say and practice;- A people united can never be defeated! As is well Known,  the history of the US is a history of Thieving and plunder of other peoples property. The entire California  was Mexican Land stolen by shear force as was the entire mid Atlantic states that were stolen from the Native Indians.   Who fails to comprehend the facts of  history may fail to prevent his country falling victim to what is a  natural trait in the self styled Land of the Free.

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Financial "crack" lobotomy 19.04.2012 06:22

Trepan wrote in #10
John Hepburn wrote in #19
They...are presently working hard at stealing the retirement savings (Social Security) of their whole population. 
See, now here is a person well versed on his facts. I don't even need to call him out on this since this is so well known by all Americans. Only one small detail could be corrected, Social Security has already been stolen and they are working on stealing our Grandchildren's Social Security before we all just call B.S. on the whole retarded system. There is no money left, we the younger generation are paying for our parents when there should be plenty of SS money left from their contributions.
----------------No w here is a couple well-versed on non-sense.Umm, let's see, ya know, I think the US lost any concept of defending an "inelastic" currency in 1971, when they closed the gold window.Being that we are on an "elastic" reserve currency system, and Social Security is a Federal Program, the gov't can print/borrow all the money necessary to pay everyone their Social Security without a problem.
The real problem will be the anti-inflation initiatives necessary for any of this money to be worth anything.  The coming world will be much worse than the 70's.So, people on Social Security will be on a "fixed income", and when retiree's outnumber workers, either the production gap will be filled by imports or prices will go up.Current workers can strike/demand higher wages to keep up with the inflation; but even if Social Security is indexed to the CPI, that number is still manipulated, and the "fixed income" people will gradually slide into dire poverty; while the lot of the current workers lives will improve substantially; since we will be nearing close to full-employment again once the vast majority of the baby-boom generation starts to retire and still demand services; while there are less "children" available to provide them.
The boomers will get retirement "poverty" and all the later generations will get the next windfall jobs, just like they can finally afford to buy cheap real estate now, for the very 1st time in their lives.

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Nationalized "crack" thievery 19.04.2012 06:05

casual bystander wrote in #11Castro exclusively responsible??? Eh, people believe in what other people can achieve, the country tries to work as a people. (you villifying the leader goes to show your lack of empathy)
-------- -----It is not vilification, but just the facts.  Obama is NOT exclusively responsible for much, because he has very little unilateral power.  But, in the kind of system Castro created, he alone has absolute power.  I admit to not knowing how that works in reality (as a first-hand communist Cuban citizen), but it's the same pattern as Stalin, Mao, Pol Pot, and the others. ======= ==It seems you think you know economics and what types of governance works... However i do not think you know people.. Cuba is a peoples country, they work towards helping one another out, hence create many world class sustainability intiatives and doctors (just a couple examples)
------- -------Well, you can look at the physical evidence.  Just looking at a documentary about Cuba, and the poverty and lack of development on even the most basic level is obvious.I won't say to know what "works" in the ultimate sense, and it's better not to.  You don't want "positive" liberty, that is a sham.  What you really want is "negative" liberty; freedom from coercion, not to be "enslaved" by some "leader's" grand vision for improving the world, with no "dissent" tolerated.======My point basically is that the US would rather subdue its own citizens into believing they are 'free' whilst cuba works for and with their citizens... How can you not see this? ---------Th e US doesn't "subdue its citizens".  There is still a lot of "negative" liberty left.  But this "positive" liberty concept you have of "people's country works for cuba"; what a waste!  It's better to work for "money", than for "people".

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