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Escobar Inc

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Escobar Inc
Company typePrivate
IndustryConglomerate
FoundedMay 1, 1984; 40 years ago (1984-05-01) in Medellín, Colombia
Founders
Headquarters
Medellín
,
Colombia
Area served
Worldwide
Key people
ProductsDiversified investments, Restaurants, Apparel, Toys, Media, Consumer products, Internet, Real estate
Websiteescobarinc.com

Escobar Inc. is a Colombian multinational conglomerate holding company headquartered in Medellín, Colombia. Established on May 1, 1984[1][2] by Pablo Escobar, a day after the assassination of the Colombian Minister of Justice Rodrigo Lara Bonilla[3][4] as a means of funneling large sums of cash outside of Colombia with the help of his brother Roberto de Jesús Escobar Gaviria. The company is known for its control and leadership by Roberto de Jesús Escobar Gaviria, who serves as Founder,[5] and Olof K. Gustafsson, the company's chief executive[6].

History

Escobar Inc was originally established on May 1, 1984[7][8] by Pablo Emilio Escobar Gaviria, a day after the assassination of the Colombian Minister of Justice Rodrigo Lara Bonilla[9][10] as a means of funneling large sums of cash outside of Colombia with the help of his brother Roberto de Jesús Escobar Gaviria. It aided the money laundering of over $420 million in profits made by Pablo Escobar per week.[11] The company and its activities were placed on hold when Roberto Escobar surrendered to authorities on October 8, 1992[12]

2014 Reincorporation

The company was reincorporated by Roberto Escobar in 2014 in Medellín, Colombia[13] with Olof K. Gustafsson and Daniel D. Reitberg as its main executives, in an effort to acquire and maintain control of the Pablo Escobar brand and the Escobar family brand. The company successfully registered Successor-In-Interest rights for his brother in California, United States.[14] The company also successfully registered and obtained 10 trademarks with the United States Patent and Trademark Office.[15]

Conflict with Netflix Inc

On July 1, 2016, Escobar Inc sent a letter to Netflix Inc regarding the Narcos TV series demanding $1 billion in payment for unauthorized usage of content.[16] On September 11, 2017 Carlos Muñoz Portal, a location scout working for Netflix was found assassinated in his car in Mexico.[17] Roberto Escobar denied any involvement and offered to provide hitmen as security for Netflix.[18] Escobar Inc and Netflix Inc settled on November 6, 2017 the dispute for an undisclosed amount.[19][20]

Donald J. Trump

On April 11, 2016 prior to the 2016 United States presidential election it was reported by the Washington Post with the help of Zignal labs that the CEO of Escobar Inc Olof K. Gustafsson had helped republican candidate Donald J. Trump obtain social media followers[21] resulting in Donald J. Trump social media presence spiking. On January 8, 2019 the CEO of Escobar Inc Olof K. Gustafsson launched a $50 million GoFundMe fundraiser under his name on behalf of Escobar Inc in an effort to impeach President Donald Trump.[22] After raising $10 million in 10 hours, the page was removed from the GoFundMe platform.[23]

Elon Musk and The Boring Company

In July 2019, Escobar Inc started selling a propane torch made to look like a flamethrower and accused CEO of The Boring Company Elon Musk of intellectual property theft, alleging that The Boring Company's promotional Not-a-Flamethrower is based on a design that Roberto Escobar discussed in 2017 with an engineer associated with Musk.[24] Via media Escobar Inc publicly offered Musk to settle the dispute for $100 million,[25] in cash or shares of Tesla, or alternatively to use the legal system to become the new CEO of Tesla, Inc.[26]

References

  1. ^ "Escobar Inc - History". Escobar Inc. Retrieved August 21, 2019.
  2. ^ Giangrande, Antonio (December 22, 2018). La Mafia in Italia - Volume 200 of L’Italia del Trucco, l’Italia che siamo (in Italian). Italy. p. 585. ISBN 9781792154652.{{cite book}}: CS1 maint: location missing publisher (link)
  3. ^ "El Asesinato de Rodrigo Lara Bonilla" [The Assassination of Rodrigo Lara Bonilla]. Semana (in Spanish). August 7, 1987. ISSN 0124-5473. Archived from the original on September 6, 2015. Retrieved September 29, 2010. {{cite journal}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  4. ^ Associated Press (May 1, 1984). "Justice Minister slain in Bogota". The New York Times. Archived from the original on May 24, 2015. Retrieved September 6, 2015. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  5. ^ Anderson, Jon Lee (February 26, 2018). "The Afterlife of Pablo Escobar". The New Yorker. Retrieved August 22, 2019.
  6. ^ Gonzales, Sandra (October 22, 2017). "Killing of 'Narcos' scout resurfaces Escobar trademark feud". CNN. Retrieved August 22, 2019.
  7. ^ "Escobar Inc - History". Escobar Inc. Retrieved August 21, 2019.
  8. ^ Giangrande, Antonio (December 22, 2018). La Mafia in Italia - Volume 200 of L’Italia del Trucco, l’Italia che siamo (in Italian). Italy. p. 585. ISBN 9781792154652.{{cite book}}: CS1 maint: location missing publisher (link)
  9. ^ "El Asesinato de Rodrigo Lara Bonilla" [The Assassination of Rodrigo Lara Bonilla]. Semana (in Spanish). August 7, 1987. ISSN 0124-5473. Archived from the original on September 6, 2015. Retrieved September 29, 2010. {{cite journal}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  10. ^ Associated Press (May 1, 1984). "Justice Minister slain in Bogota". The New York Times. Archived from the original on May 24, 2015. Retrieved September 6, 2015. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  11. ^ Macias, Amanda (December 29, 2017). "10 facts reveal the absurdity of Pablo Escobar's wealth". Independent. Retrieved August 22, 2019.
  12. ^ Fulleda, Federico (October 8, 1992). "Colombian drug cartel leaders surrender". UPI. Retrieved August 22, 2019.
  13. ^ Dowling, David (December 22, 2018). Immersive Longform Storytelling: Media, Technology, Audience. Routledge. ISBN 9780429948466.
  14. ^ "California Business Portal: Successor-In-Interest". April 28, 2015. Retrieved August 22, 2019.
  15. ^ "Trademark Electronic Search System (TESS)". August 22, 2019. Retrieved August 22, 2019.
  16. ^ Ingram, Matthew (July 7, 2016). "Real-Life Drug Kingpin Wants Netflix to Pay Him $1 Billion for 'Narcos'". Fortune Magazine. Retrieved August 22, 2019.
  17. ^ Lotito, Thomas (September 17, 2017). "'Narcos' Location Scout Found Dead in Mexico". New York Times. Retrieved August 22, 2019.
  18. ^ Scott, Katie (September 19, 2017). "Pablo Escobar's brother says 'Narcos' should 'provide hit men' for crew after location scout killed". Global News. Retrieved August 22, 2019.
  19. ^ "Trademark Electronic Search System (TESS)". August 22, 2019. Retrieved August 22, 2019.
  20. ^ Nattrass, JJ (January 15, 2018). "Pablo Escobar's brother abandons his battle with Netflix over Narcos". Metro[[{{subst:DATE}}|{{subst:DATE}}]] [disambiguation needed]. Retrieved August 22, 2019.
  21. ^ James Hohmann (April 11, 2016). "The Daily 202: Is Trump a choke artist? Continuing unforced errors bode poorly for his hopes in a contested Republican convention". The Washington Post. Retrieved May 26, 2019.
  22. ^ Scott, Katie (January 8, 2019). "Pablo Escobar's brother launched $50M GoFundMe to impeach Donald Trump". Global News. Retrieved January 11, 2019.
  23. ^ Martinez, Jose (January 11, 2019). "Pablo Escobar's Brother Reportedly Raised $10 Million for His Impeach Trump GoFundMe Page". Complex. Retrieved January 11, 2019.
  24. ^ Villasanta, Arthur (July 17, 2019). "Pablo Escobar's Brother Wants $100M Tesla Shares, Claims Musk Stole Flamethrower Design". International Business Times. Retrieved August 22, 2019.
  25. ^ Price, Emily (July 11, 2019). "Pablo Escobar's brother pours fuel on the flamethrower feud with Elon Musk". Digital Trends. Retrieved August 22, 2019.
  26. ^ Greene, Tristan (July 11, 2019). "Pablo Escobar's brother escalates flamethrower feud with Elon Musk, threatens Tesla takeover". The Next Web. Retrieved August 22, 2019.
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