Thursday, May 15, 2014

Ferdinand Marcos

Marcos was a lawyer who ruled as President of the Philippines from 1965 to 1986 before being overthrown by a popular people’s revolt. He is number 2 on Transparency International’s most corrupt leaders list having laundered billions of dollars of embezzled public funds through the United States, Switzerland, and other countries, during his 20 years in power. His wife, Imelda, famously left over 2,500 pairs of shoes in her closet when the pair fled Manila.

Amount Laundered: USD5Billion – USD10 Billion

Punishment: Marcos died of a heart attack in 1989 while in exile in Honolulu, Hawaii, awaiting his trial.

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