BMW, Vatican, Big Banks Enjoy Ill-Gotten Gains
While you might not see them on Forbes’ list of wealthy people, criminals and their beneficiaries are some of the richest people on the planet.
For example, Nazi propaganda minister Joseph Goebbels’ heirs are billionaires who own half of BMW.
They are also closely connected with Daimler.
Four of Goebbels’ step-grandchildren are worth $1.2 billion each, according to an investigation by Bloomberg.
Much of their wealth came from slave labor at German concentration camps.
The Goebbels family weren’t the only ones to get rich from Nazi efforts.
Barclays, Chase, and the Bush family made money hand over fist financing Hitler.
The Vatican has built a secret property empire worth close to a billion U.S. dollars using money Italian dictator Mussolini gave the church for blessing fascism.
Modern tyrants have gotten wealthy from oppressing people as well.
For example, the family of U.S.-backed Egyptian dictator Mubarak holds $40-70 billion.
… in europe also rockefeller and henry ford were known nazi supporters www.sodahead.com
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Indeed, given up to $32 trillion dollars are being hidden in offshore tax shelters, the amount of wealth accumulated through crime is nearly impossible to track.
What should have happened, of course, is that ill-gotten gains should have been clawed back from the criminals as soon as they were discovered, just as they should be clawed back from Wall Street fraudsters.
there is no historic parallel that can be drawn nothing dyn.politico.com
But that is not likely to happen, since many political and business leaders are unrepentant and unwilling to root out crime.
Indeed, when the elite profit from things such as laundering drug and terror money, funding both sides of wars and other unsavory acts, no one wants to stop the music.
Balzac may have been exaggerating when he said, “Behind every great fortune lies a great crime.” There are some wealthy people who earned their money by honestly delivering a better or cheaper product or service.
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