They have moved into the Bahamas under lucrative casino franchising arrangements worked out with the former government. No doubt they use United States and Bahamanian financial institutions to move their money back and forth. Then there are the mutual funds. with their taxhaven status and their secret numbered accounts. The Cornfeld empire has one. and so does a clique of exKennedy administration officials who are betraying the Alliance for Progress by offering a lucrative investment opportunity to Latin American dictators and exNazi refugees. Lots of ordinary people like Adam Clayton Powell have personal holding companies in the Bahamas. His is named Huff Enterprises. and members of the new government are stockholders.
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refugees