CAPITALISM'S ACHILLES HEEL Dirty Money and How to

Notes 387
(A), January 2004, 33, www.hrw.org/reports/2004/angola0104/angola
0104.pdf. Human Rights Watch aggregates the $4.2 billion total from
unexplained government expenditures summarized in IMF reports on
Angola, including “Angola: Selected Issues and Statistical Appendix
(2003).”
3. Economist, “The Worm That Never Dies,” March 2, 2002, 12.
4. A case ongoing as of this writing concerns bribes allegedly intended to
reduce customs duties and sales taxes. U.S. v David Kay, Douglas Murphy,
no. 02-20588, 5th Cir., February 4, 2004.
5. U.S. Senate Committee on Governmental Affairs, Permanent Subcommittee
on Investigations, Money Laundering and Foreign Corruption:
Enforcement and Effectiveness of the Patriot Act, Case Study Involving
Riggs Bank, July 15, 2004, 18.
6. Ibid., 25. See also U.S. Senate Committee on Governmental Affairs,
Permanent Subcommittee on Investigations, Money Laundering and
Foreign Corruption: Enforcement and Effectiveness of the Patriot Act,
Supplemental Staff Report on U.S. Accounts Used by Augusto Pinochet,
March 16, 2005, 7. The supplemental report states the following:
“Over the past 25 years, multiple financial institutions operating in the
United States, including Riggs Bank, Citigroup, Banco de
Chile–United States, Espirito Bank in Miami, and others, enabled Augusto
Pinochet to construct a web of at least 125 U.S. bank and securities
accounts, involving millions of dollars, which he used to move
funds and transact business. In many cases, these accounts were disguised
by using a variant of the Pinochet name, an alias, the name of
an offshore entity, or the name of a third party willing to serve as a
conduit for Pinochet funds.”
7. Ibid., 63.
8. Ibid., 4.
9. Ibid., 56.
10. Ibid., 16.
11. Transparency International’s Corruption Perception Index is available
at www.transparency.org/surveys/index.html#cpi.
12. Waziri, staged at The Audrey Herman Spotlighters Theatre in Baltimore,
Maryland, in July 1990.
13. James Rupert, “Corruption Flourished in Abacha’s Regime,” Washington
Post, June 9, 1998, www.washingtonpost.com/.