Fidel Castro, Who Owes U.S. Citizens $7 Billion, Demands 'Millions' from Obama
The Castros’ riches were in large part amassed through the violent theft of approximately $7 billion in American assets in the years following the Cuban Revolution. The Joint Corporate Committee on Cuban Claims, an organization working to advocate for the rights of those U.S. citizens who lost their property and assets in Cuba, estimates that the government stole $1.8 billion in funds, which represents “only the principal value of private property at the time it was seized.” Spanish newspaper El Pais has found that this total, adjusted for inflation, represents $7 billion owed to nearly 6,000 American individuals and companies. The corporations hurt by this mass theft include Coca-Cola, Colgate-Palmolive, Exxon, and Texaco.
This sum does not include the millions stolen from Cuban citizens, much of which is now owed to U.S. citizen descendants of those who had their properties stolen. While attorneys like Nicolas Gutierrez have tried to represent Cuban-Americans in using legal methods to retrieve their property, these efforts have been entirely unsuccessful. Since announcing the legitimization of the regime in December, President Obama has yet to mention the money the Cuban communist regime owes U.S. citizens.
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