Name: The Mystery of a Dictator's Missing $10 Billion Fortune
Uploaded: 2021-08-04T06:36:23.000Z
Duration: 16 min 24 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

that the amount the Marcos family pilfered

on an absolutely massive unheard of scale.

closed newspapers, jailed political foes,

The Marcos regime was very concerned about dissidence,

Oftentimes, the victim would be summarily executed.

A dictator had fallen. The people conquered his palace.

actually offered Marcos asylum in the U.S.

along with millions of dollars worth of loot.

In 1992, after years of building the case,

the Marcos class action finally went to trial.

The jury in Hawaii ultimately held Marcos responsible.

The judgment in total was almost $2 billion,

but we're going to continue to fight to the end.

At that point, what they had was just a number

on a piece of paper and actually turning it into money

for the class was gonna be a much harder challenge.

and I am an independent journalist based in Los Angeles.

We cannot succeed without the support of our people.

So Ferdinand Marcos ran the Philippines for 21 years,

and he first blazed into the presidency in 1965.

He had a beautiful wife who was very elegant

and she would regale crowds at his campaign rallies.

but of the entire content of the entire nation,

and this is what we have been hoping and praying for.

He invested really widely in infrastructure

and urban beautification and especially rural development,

and so his base of followers grew and grew.

allegations of corruption, growing poverty,

and simultaneously, some separatist guerrilla groups,

violent groups, started to pop up in the country.

Ferdinand Marcos at this point takes advantage

of the advent of these groups to declare martial law

and essentially rule the country by decree.

of telegrams from all corners of the Philippines,

the Marcoses would spend really brazenly and lavishly.

So they amassed dozens of luxury properties all

over the Philippines and around the world.

Then in 1986, Ferdinand Marcos decided to call an election.

By all accounts, Marcos fixed that election,

that unleashed massive protests around the country.

Millions of Filipinos flooded into the streets,

the U.S. finally said, "Enough is enough,"

and encouraged Marcos to step down as well.

But they didn't completely cut support because Reagan,

along with millions of dollars worth of loot,

some of which they carried out in diaper boxes.

Reagan sent planes to cart those people and assets