Fact Check: Argentina

958 days, 18 hours, 31 minutes ago

SINCE RUFO EXPIRED

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Kicillof’s Favored Financier Selling His Luxury Manhattan Apartment for US$30 million

The New York Post reports this morning that Diego Marynberg – who was favored by Economy Minister Axel Kicillof’s ministry days before Argentina’s default last year with a suspicious US$200 million insider bond operation – has put his luxurious Manhattan apartment on the market. Here’s an excerpt from the article:

“Argentine financier Diego Marynberg — who has been called a crony of his country’s economy minister, Axel Kicillof, and is reportedly linked in a lawsuit to an alleged insider bond transaction with Argentina’s central bank before Kicillof took the country into default — is selling his sprawling Manhattan apartment.

“We’re told that Marynberg, who lives in New York, where he runs his fund, Latam Securities, is quietly putting his 17th-floor unit at 110 Central Park South on the market for $30 million.

“A Latam rep sniffed of the sale offering, “I don’t know anything about that.” Asked if it’s because of recent reports alleging a probe into the bond transaction, he added, “It doesn’t have anything to do with anything.”

“Right.”

Marynberg’s long career of shady dealings in Argentina, in Russia and Venezuela, and his money trail through the United States and Uruguay – where Kicillof has a vacation home – have been widely reported on this blog. The suspicious US$200 million bond operation with the Central Bank of Argentina last year, and the possible involvement of Economy Minister Axel Kicillof, is currently under federal criminal investigation by Argentine prosecutor Guillermo Marijuan.

We will continue following the developments of this new “K money trail” where ‘K’ might also stand for Kicillof.