The deeper I dig into Puerto Rico’s power crisis—and last week’s pathetic excuse for a Congressional hearing that I reported on (see below)—the more infuriating it gets. Puerto Ricans are stuck with the worst electric grid in all of the US and its greater territories. Blackouts happen 8x more often and last 13x longer than anywhere else in the U.S. And it’s only gotten worse since Hurricane Maria devastated the island in 2017. Families are suffering. Businesses are shutting down. On New Year’s Eve 2024, 90% of the island lost power. A complete BLACKOUT! And here’s the kicker… $13.5 BILLION in FEMA @fema funds have already been allocated to rebuild the grid. In 2020, President Trump’s administration announced in an official White House statement that this was the largest amount of FEMA infrastructure grants EVER awarded to Puerto Rico. But, none of it can be used. Why? Because the system is still buried in bankruptcy. The power grid is bankrupt, broken, and is literally leaving people in the dark. Meanwhile, the money is moving—just not to where it’s needed. Proskauer Rose @proskauer, the lead law firm that has been contracted by Puerto Rico’s Financial Oversight and Management Board (FOMB), has already collected more than $400 MILLION in legal fees over the last decade that this process has been underway. They’re billing $4.2 MILLION a month. That breaks down to nearly $1,000 an hour *per* lawyer. And who’s footing the bill? The people of Puerto Rico—the same people who can’t even rely on their lights staying on. At the average wage of $718 a week, it takes 1,350 full-time Puerto Rican workers just to cover one month of Proskauer’s fees. These attorneys are billing more than the average Puerto Rican makes in a week. It’s outrageous. And it raises a serious question: Is this crisis being prolonged because it’s just too profitable for the lawyers to fix? I’m following the money because this really appears to be the next USAID 2.0 scam, and if so, it’s the perfect target for a crackdown under the Trump admin as it relates to WASTE, FRAUD and ABUSE! If you have any additional tips about this corruption, feel free to DM me! 🕵🏻‍♀️ See documentation below 👇🏻
Laura Loomer
Laura Loomer18.7. klo 04.35
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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