Numbers don’t lie …. Blatant theft, lack of remorse, all planned. #WakeUpPuertoRico …
In an astonishing admission of financial fraud, the website of the Puerto Rico Electrical and Power Authority (PREPA) shows how THREE BILLION DOLLARS were stolen “for the benefit of the financial community.”
This theft in broad daylight was then engineered, so that the taxpayers of Puerto Rico have to pay for it. The shocking information appears in every PREPA bond offering from 2010 to 2013, as listed in their current website. Here is the information on every one of these bond offerings:
Bond traders on the New York Stock Exchange
THE PREPA BOND PAPERS
Here is the PREPA financial information page:
http://www.aeepr.com/INVESTORS/FinancialInformation.aspx
On that page, seven bond instruments are fully visible:
All seven of them state, in their “Plan of Financing” sections, that the bonds will be used to “refinance” the existing debt, to “capitalize” current interest, and to “pay future” interest.
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It Is What It Is 