The Guy Who Refinanced His House to Buy PDVSA 2037 Bonds

1200x-1The horror…the horror…the HAT!

Ross was so taken with the returns he enjoyed in 2011 that he had three green baseball caps custom-made with P-D-V-$-A on the front in gold-colored lettering.

Green was for the color of money, while the letters were encircled by a black ring to symbolize the company’s oil wealth.

He gave one of the hats to his now-deceased former boss, who owned the Madison Avenue store where Ross worked until 2013 and who persuaded him to pour his savings into PDVSA.

The poor guy’s old boss pulled a Chávez on him…set up this whole mess then went and died on him. Coward.

Caracas Chronicles is 100% reader-supported. Support independent Venezuelan journalism by making a donation.