La Cutufa
Encyclopedia
La Cutufa was an illegal Chile
an a clandestine finance syndicate
(dubbed after a official's dog) that offered investors, mostly officers of the Chilean army
, tax-free interest rates of 20% a month. After a dissatified investor was murdered, 4 generals and 16 officers were cashiered and 200 sanctioned. According to the claimers, during its five years of operation, the army gang handled $50 million.
Chile
Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...
an a clandestine finance syndicate
Syndicate
A syndicate is a self-organizing group of individuals, companies or entities formed to transact some specific business, or to promote a common interest or in the case of criminals, to engage in organized crime...
(dubbed after a official's dog) that offered investors, mostly officers of the Chilean army
Chilean Army
The Chilean Army is the land arm of the Military of Chile. This 45,000-person army is organized into seven divisions, a special operations brigade and an air brigade....
, tax-free interest rates of 20% a month. After a dissatified investor was murdered, 4 generals and 16 officers were cashiered and 200 sanctioned. According to the claimers, during its five years of operation, the army gang handled $50 million.
External links
- Article Rechnung ohne Witwe in GermanGermanyGermany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
magazine Der SpiegelDer SpiegelDer Spiegel is a German weekly news magazine published in Hamburg. It is one of Europe's largest publications of its kind, with a weekly circulation of more than one million.-Overview:...
on 26. November 1990, in German language, retrieved on 26. June 2011 - Article In Chile, Army Scandal May Damage Former Dictator Pinochet by Leslie Crawford in Chicago TribuneChicago TribuneThe Chicago Tribune is a major daily newspaper based in Chicago, Illinois, and the flagship publication of the Tribune Company. Formerly self-styled as the "World's Greatest Newspaper" , it remains the most read daily newspaper of the Chicago metropolitan area and the Great Lakes region and is...
on November 23, 1990, retrieved on 26 June 2011 - Article Profile: Chile Trying to Live With Democracy ... and Pinochet : The dictator turned over power last year but he still commands the army. He just won't go away in Los Angeles TimesLos Angeles TimesThe Los Angeles Times is a daily newspaper published in Los Angeles, California, since 1881. It was the second-largest metropolitan newspaper in circulation in the United States in 2008 and the fourth most widely distributed newspaper in the country....
by William R. Long, on February 5, 1991