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Puig's financial records were a mess, and his accountant was a convicted felon with ties to the Colombian drug kingpin, Pablo Escobar. But that never seemed to bother Puig's investors or lenders, who kept showering him with money as long as condo prices kept soaring. It certainly didn't bother Puig, who explained in a recent deposition that he never paid attention to his books, in part because his expertise was in matters like where to advertise property and whether to paint the doors yellow or white, and in part because he never imagined the Florida housing market...

Author: /time Magazine | Title: Is Florida the Sunset State? | 7/10/2008 | See Source »

...Bogotá Freedom for FARC Hostages Former presidential candidate Ingrid Betancourt was rescued in a Colombian military-intelligence operation July 2, ending her six years as a hostage of the Revolutionary Armed Forces of Colombia. The most famous of FARC's estimated 750 captives, Betancourt, who holds French citizenship, was liberated along with 14 others, including three U.S. military contractors...

Author: /time Magazine | Title: The World | 7/3/2008 | See Source »

...they'll kill you, then blame it on us." Whether or not that's true, deaths, drugs and desertions - and now its hostage debacle - have left the FARC with a bigger public relations challenge. It's one that guerrillas like Alberto have to confront as hard as the Colombian army is now engaging them. - With reporting by Tim Padgett/Bogot...

Author: /time Magazine | Title: Among the FARC's True Believers | 7/3/2008 | See Source »

...taxes from coca farmers and drug traffickers, both of whom pay a $90-per-kg duty on every sale and purchase of unrefined cocaine in that area. Similar tariffs nationwide - and ransoms earned from kidnapping - are said to net the FARC hundreds of millions of dollars a year. The Colombian government, as well as its allies in Washington, have long used the term "narco-guerrillas" to describe the FARC, which they accuse of morphing from a guerrilla force into a drug cartel. "If not for drug trafficking, the FARC would not exist today," argues Colombian Foreign Minister Fernando Araujo...

Author: /time Magazine | Title: Among the FARC's True Believers | 7/3/2008 | See Source »

...guerrilla warfare. The government "could not sustain an offensive on this scale without U.S. help," says Alberto. "They use American money to set up high mountain battalions, pay informants, for training, helicopters, boats and every type of war materiel. We believe we could overthrow the Colombian state if it weren't for U.S. help...

Author: /time Magazine | Title: Among the FARC's True Believers | 7/3/2008 | See Source »

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