American “vulture” investors have demanded that African nations pay over half a billion dollars for old debts — for which the investors paid only a few million dollars.
One New York vulture speculator, Peter Grossman of FG Capital Management, is demanding $100 million from the Democratic Republic of Congo. Is he collecting a legitimate debt from the Congo — or is it a vulture’s claim based on a stolen security? Greg Palast reports from the Congo, Bosnia and New York in the joint investigation by the BBC, the Guardian and Democracy Now!
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