One of the biggest civilian financial heists in the glorious history of Lebanon remains off the media and political radar except for a couple of blurbs in some papers praising the virtues of Salah Ezzeddine, the pious crook. That might have something to do with the fact that the powers behind the media outlets are themselves products of much larger Ponzi schemes albeit officially sanctioned and democratically endorsed ones. Another reason is that this specific scam targeted a specific geographic and sectarian segment of Lebanese society, so the other segments don't feel that this issue concerns them. But make no mistake about it, if you factor in that Salah Ezzeddine was in Tyre and not in NYC, the Hajj's $1 billion loot trumps Bernie Madoff's $30 billion in its impact.
I want to focus on a town that was hit hard by Ezzeddine, you have to give it to this guy for good scouting. Speculation has the border village of Yaroun south of Bint Jbeil as the number one loser in this ordeal with 160,000,000 in solid assets..... no, liquid cash.... no, what is the vapor form of the US dollar? The thing about Yaroun is that even though it is infested with tens of million dollar mansions, its population outside of summer is under 160, the biggest business investments in it are a gas station and a falafel shack. In the pre-war years its people lived off the land, tobacco farming more specifically, today they live on and off foreign lands...and we're not talking about Dubai here, the closest choice of a settling point for Yarounis is 10 time zones away. So what to expect of a group of people who have $160,000,000 disposable cash for shady investments yet have not invested in say a school, even though $160 million dollar are enough to create job opportunities in productive sectors for a few thousand people and put much of the youth in the whole kazaa of Bint Jbeil to work.... at home. Off course, to be fair this behavior is not unique to the people of this village although it is strongly marked there.
Sure you might say the Lebanese government never encouraged the development of these remote areas, and even when they did the liberated areas in the South never saw any of the cash earmarked in the yearly budget for the Council of the South which was used by the Amal Movement as its private fund. But now we are venturing into official scams and I don't want to do that now, because today is all about private initiative.
Salah Ezzeddine had it, the people of Yaroun will never do.