The New York Times | 2/3/2009 12:00:00 AM
Where Officials See Fraud, Colombia’s Masses See a Folk Hero
Feb 03 -- Among the elite here, David Murcia Guzmán is often disparaged as the Madoff of Colombia. But to some in the lower classes in one of Latin America’s most stratified of countries, he is a folk hero.
In some ways, the rise and fall of Mr. Murcia, a child of Bogotá’s slums who clawed his way into Colombia’s elite, may be even more exceptional than Mr. Madoff’s. Nowadays, Mr. Murcia ponders the events that delivered him to a cell at La Picota, a prison situated amid the shantytowns of this city’s southern fringe.
At 28, Mr. Murcia has been charged with creating a hydra-headed enterprise based in Panama that laundered money and enticed thousands of Colombians into a pyramid scheme known by his own initials, D.M.G.
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