PDVSA chief on pension Ponzi: Everything is under control

I had been working on a big post about the vast implications of the PDVSA pension plan’s Ponzi scheme problems. But now I know I don’t need to bother. After all, everything is under control.

Minister Ramirez: Funds of the workers are not at risk

Caracas.- The minister of peoples power for Energy and Oil and president of Petróleos de Venezuela, S.A. (PDVSA), Rafael Ramírez, Sunday on the television program José Vicente Hoy assured that the pension funds of workers at the oil company are not to be found at risk, in reference to the ongoing fraud trial of Francisco Illaramendi in the United States.

“We in PDVSA, as has been our spirit, have taken the decision to support the workers. We have decided to assume the problem, back up the income, above all with respect to the workers’ pension funds, and, as a company, have decided to become plaintiffs in the trial,” affirmed Minister Ramírez.

The head of the Oil Ministry emphasized that it’s the mass media that are “lying or taking things out of context when they say that Francisco Illaramendi is a bureaucrat or advisor to PDVSA. When we took the presidency of PDVSA we didn’t continue to contract services from this gentleman,” he declared.

In other words NONONO I AM NOT LISTENING TO YOU NEENER NEENER NEENER.

Advertisements