Argentines risking it all to carry huge wads of cash


Argentines risking it all to carry huge wads of cash

The “marker” lurks inside the bank, looking for people pulling large amounts of cash from a safe deposit box or a bank account. The gunmen linger outside, usually on motorcycles, waiting to make their move.

For people such as Carolina Piparo, eight months pregnant and carrying a purse full of cash for a down payment on her first home, gangs like these are an unavoidable risk in today’s Argentina, where the underground cash economy is fueling a frightening new crime wave.

The July 29 attack that left Piparo comatose and killed her child added to a toll of thousands of crime victims — 4,998 reported "withdrawal robberies" in the first half of this year alone, according to Louis Vicat, a security consultant who keeps track privately because the government hasn’t published detailed crime statistics since 2007.