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Venezuelan Government Steals $20+ Million Worth of Toys From Private Company

Venezuela’s socialist government has stolen 3.8 million toys from a private company and says it will hand them out as Christmas gifts to poor children this holiday season.

The country’s “Fair Pricing Authority” stole the toys Friday from three warehouses run by Kreisel, Venezuela’s largest toy distributor. The Government employees also detained two of the companies executives and claimed they were promoting “price speculation.”

“Fair Pricing Authority” director William Contreras has claimed that Kreisel underreported its inventory in order to sell some toys at higher prices. Kreisel has not commented officially beyond responding to Twitter messages of support.

The “Fair Pricing Authority” said local “supply committees” will be in charge of distributing the toys that were stolen form the company “fairly” to children they hand pick.

Venezuela has been in a deep economic crisis accompanied by shortages of goods ranging from food staples to medicine which is probably why the government stole 3.8 million toys worth over $10 million dollars.

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