I think US aid to Sri Lanka has been $30-40 million per year. Most ends up in the pockets of politicos. Trickle-down economics.
$700k is a pretty small kickback. I wonder if that’s the typical Clinton cut...
Of the $54 million believed to have been invested in Mantria, $17 million was returned to early investors to perpetuate the Ponzi scheme and make later investors believe huge profits could be had. By the time the Securities Exchange Commission shut down Mantria in 2009, just $790,000 remained from the other $37 million. In addition to the sheer size of the scam, the reach that Wragg and Knorr achieved in a few short years out of college remains hard to fathom.
Former President Bill Clinton personally honored their now disgraced work in a ceremony for the Clinton Global Initiative in 2009. Wragg met with the president of the Ivory Coast to discuss how biochar could transform energy production in the small African nation. (Excerpt) Read more at nbcnewyork.com ...
That’s what they get from a poor country.