World Finance Corporation

World Finance Corporation (abbreviated WFC; it was later renamed simply WFC Corp.) was a financial corporation founded in 1971 and headquartered in Coral Gables Florida. When WFC Corp was headed and controlled by Guillermo Hernandez-Cartaya (a former Cuban banker who was an agent of the CIA, and believed to be an agent of the Mafia, Fidel Castro The Miami Herald; February 27, 1978, Monday; Section 1, Page 8, Column 1; an abstract of William R. Amlong's article:<blockquote>"Representative Lester Wolff, chairman of House Select Committee on Narcotics Abuse and Control, says Guillermo Hernandez-Cartaya is being investigated as a business partner of Fidel Castro. His committee is looking at $100 million loan arranged by Castro and Hernandez-Cartaya's Miami-based international banking firm, WFC Corp, to Colombia. Wolff alleges loan conditions include facililtation of cocaine smuggling from Colombia to US by Miami firm. Cites intelligence reports from various federal agencies."</blockquote>, and also of various Colombian drug lords) through the WFC Group shell company, it became known for a major financial scandal in which over $50 million was lost. This scandal was the subject of a 60 Minutes segment on 26 February 1978. Cartaya controlled it through a number of shell companies, the most well known of which was the WFC Group.

Founding

The corporation was founded in 1971 by the Cuban expatriate banker Guillermo...
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