Monday, February 2, 2009

NYT sits down with DMG

The New York Times sits down with David Murcia Guzmán, former CEO of the now defunct Colombian pyramid operation DMG.

A bit of context: The collapse of the DMG scheme effected hundreds of thousands of Colombian families. It was a huge financial scandal. The biggest twist in the tale is that many former DMG customers resent not the bogus operation but the Colombian government for shutting it down. Protests in support of Guzmán and DMG have been a common site here in the capital and, for the first time, President Alvaro Uribe has had to pay a dear political price in the public eye.

Check it out.