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Executive Director Robert Mujica is the man in charge of Puerto Rico’s so-called “bankruptcy recovery” that’s been ongoing for the last 10 years. Yesterday, Director Mujica testified at a US congressional hearing where he preached about the need for “fiscal responsibility.” But, less than an hour into the hearing, he openly admitted that his group has spent over $2 BILLION on consultants and lawyers throughout this process, which is more than 5X the cost estimated by Congress.
Two. Billion. Dollars. 😳😳😳 Straight into the pockets of elite consultants and law firms.
The people of Puerto Rico are the ones paying for this—families being forced by Congress to fund their own financial exploitation. The same board supposedly “protecting” them is bleeding them dry.
This smells like USAID 2.0, another scheme where corrupt bureaucrats and well-connected insiders get rich off of other people’s suffering. The Puerto Rico bankruptcy was supposed to help the island. It’s been ongoing for 10 years.
Instead, it’s turned into a gold rush for high-priced lawyers and swanky consulting firms with zero oversight or accountability.
Enough is enough. There should be an audit and an investigation dedicated to uncovering every dollar spent, every firm involved, and every name profiting at Puerto Rico’s expense.
I’m going to be watching this closely. 👀
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