July 25, 2024

As Venezuela spiraled into impoverished hellscape, rich expats cashed in, records reveal

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A few years ago, Venezuelan money maven Martin Lustgarten was stuck in a federal lockup on charges of laundering millions of dollars for Latin American drug traffickers as he confronted the grim reality of spending the rest of his life in prison. Today, Lustgarten is a free man living in a $1 million Miami high-rise unit overlooking Biscayne Bay in a building aptly called Blue Condo — his criminal case dismissed because federal prosecutors mishandled it and couldn’t even take him to trial.

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