Picture 4

I spotted this review in the Books Section of the SA Express News. 
Roberto Escobar   is clearly and admirer of his brother, Pablo, of the Medellin Cartel fame. 

He became the accountant running a ten person staff. They quickly exhausted the the world capacity for secure bank accounts. So the money was hidden in warehouses and homes of cartel members. Rodents and mildew got a lot of it, so much so that spoilage of currency was an annual ten percent write off. I guess contribution margin was high enough they operation could stand this. One wonders why they did not start their own island country with its own banking system, this was the case for Panama until we overthrew its leader. 

Reviewers note this is not an apology, in deed Roberto seems to admire Pablo.
To me this story is an account of the total and complete failure of the so called War on Drugs that now terrorizes our neighbors to the South. If operators can write off ten percent of the gross due to mildew, it is hard to see how you and I can support this War….
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2 responses to “A Different Take on Accounting”

  1. Cresencio Davila Avatar
    Cresencio Davila

    I saw this book about a week ago at Borders. Maybe I can read this one for my book report – what do you think Dr. Elam?

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  2. Dennis Elam Avatar
    Dennis Elam

    Crescenio
    I think that would be something different! Sounds interesting to me, check amazon before you buy, I find their used books well priced and delivered even regular way in a couple of days.

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