BowTiedMara - Geoarbitrage & Mobility Assets • 157 implied HN points • 02 Jun 23
- YPF, the national oil company of Argentina, was involved in a massive financial fraud through expropriation and private dealings.
- A small group of politicians and businessmen profited billions from YPF without investing their own money.
- Despite clear irregularities and financial loopholes, those involved in the scandal are unlikely to face prosecution or jail time for receiving billions at the taxpayer's expense.