Venezuela has the largest proven oil reserves in the world. It was once so rich that Concorde used to fly from Caracas to Paris. But in the last three years its economy has collapsed. Hunger has gripped the nation for years. Now, it’s killing people and animals that are dying of starvation. The Venezuelan government knows, but won’t admit it!!! Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are also dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year. Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population.

Monday, June 20, 2011

18 charged in indie film investment scam

LOS ANGELES (AP) — Eighteen people from Southern California and Florida are facing federal charges in an alleged telemarketing scam that solicited more than $25 million for independent films.

According to two indictments filed Wednesday in Los Angeles federal court, the defendants lied to investors nationwide and falsely promised 1,000 percent returns.

One indictment says Cinamour Entertainment LLC took about $15 million from about 450 victims to promote "From Mexico with Love", which cost $5 million to make and earned only half a million at the box office.

The other indictment alleges telemarketers for Q Media Assets LLC fraudulently raised about $9 million for a film called "Eye of the Dolphin" and a sequel. The film made about $70,000 and the sequel went straight to video.

The charges include conspiracy, mail and wire fraud

Thank you AP.

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