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realclearworld

Long ignored legal claims against Cuba’s dictatorship getting new attention

http://1.bp.blogspot.com/-tKXK9u9KLUE/TemA1loYYaI/AAAAAAAAAiM/U_4SMnRzPqs/s1600/castro_51425584.jpg

An unintended consequence of the push by Cuban dictatorship supporters in the U.S. to "normalize" relations with the Castro regime is the unavoidable recognition of the long ignored multi-billion dollar elephant in the room of unsettled legal money claims against the island's criminal government. Try as they might, the issue surrounding the billions of dollars stolen over the past half century by the Castro crime family led by mafia don Fidel will simply not go away.

Via Roll Call:

Certified Claims Against Cuba Getting New Attention

As the Obama administration moves to improve agriculture shipments, telecom service and direct mail with Cuba, others are lobbying for an equal improvement and consideration of longtime claims against Cuba.

These certified claims against Cuba have been languishing while other interactions and financial activity has moved forward. Estimates of money being transferred from those in the U.S. to those in Cuba are as high as $2 billion a year. Informal trade and shipments of products from the U.S. to Cuba may be even higher.

The law and public policy firm of Poblete Tamargo LLP has registered yesterday to lobby for Hon. John L. Loeb Jr.on the topic of claims against the government of Cuba. Loeb is a businessman, philanthropist and former U.S. ambassador to Denmark.

There are $1.7 billion in original certified claims against Cuba, and the amount jumps to $7 billion when interest is included. These certified claims are mostly from businesses but there are some from individuals. Even after a Bush administration transition study, there has been little action on the certified claims.

Jason Poblete (formerly with Rep. Bill Thomas, R-Calif., and the House Administration Committee) and Mauricio Tamargo (formerly with Rep. Ileana Ros-Lehtinen, R-Fla., and also the Foreign Claims Settlement Commission) are the lobbyists working on educating legislators on the issue.

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