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...indeed in a jam. A month earlier, he'd arrived in Buenos Aires on a chartered flight with Argentine energy officials and executives of Venezuela's state-run oil company, Petroleos de Venezuela (PDVSA). Argentine customs agents then caught him with a suitcase stuffed with $800,000 in cash. Antonini was allowed to return to the U.S. - but it seemed the entire hemisphere wanted to know if he'd been carrying the money for Venezuelan President Hugo Chavez as some sort of bribe for the Argentine government...

Author: /time Magazine | Title: Chávez and the Cash-Filled Suitcase | 9/3/2008 | See Source »

...four other men, three Venezuelans and an Uruguayan, were charged in Miami with failing to register as foreign government agents. U.S. prosecutors say the men, at the behest of "high-level" Venezuelan government officials, cajoled and even threatened Antonini to keep mum about the real purpose of all that cash: an illegal contribution from Venezuela to the presidential campaign of then Argentine Senator and First Lady Cristina Fernandez de Kirchner, a Chavez ally. One of the men, Moises Maionica, pleaded guilty in January; one is at large and another - Carlos Kauffman, a close Duran pal - pleaded guilty in March, leaving...

Author: /time Magazine | Title: Chávez and the Cash-Filled Suitcase | 9/3/2008 | See Source »

...reserves, lavishes billions of dollars in foreign aid on allies to promote his anti-U.S. Bolivarian Revolution. Foes have long groused that his largesse can also be as shadowy as the covert U.S. operations Chavez accuses agencies like the CIA of perpetrating. They contend that he has funneled cash to leftist candidates in presidential races from Bolivia to Mexico, and that he has helped fund Marxist guerrillas like the FARC in Colombia. Chavez has just as adamantly denied those charges, as have his supposed beneficiaries...

Author: /time Magazine | Title: Chávez and the Cash-Filled Suitcase | 9/3/2008 | See Source »

...question Chavez supporters ask is why Fernandez would even need his cash when she held a more than 20-point lead in voter polls leading up to last October's election, which she won handily. When the campaign contribution allegation was made shortly after her inauguration, she took it as a Yanqui affront to her own government and angrily called the case a "garbage operation." The Casa Rosada, the Argentine presidential palace, insists instead that the U.S. should extradite Antonini to Argentina...

Author: /time Magazine | Title: Chávez and the Cash-Filled Suitcase | 9/3/2008 | See Source »

...City followers happy. Boosted by the sale of lucrative TV rights worldwide, Premier League clubs generated a little more than $3.1 billion in revenues in 2006-'07, making the league by far the world's richest and a magnet for overseas players, coaches and investors who are keen to cash in. (Foreigners now own eight of the league's 20 teams.) But making enough money to compete at the top level is becoming harder. Of that revenue, clubs poured some $2 billion into wages alone. The result: less than half of the Premier League's teams scored a profit...

Author: /time Magazine | Title: Money Flowing into English Soccer | 9/2/2008 | See Source »

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