Photographer: Fernando Lavoz/LatinContent via Getty Images

Chile's Secret Weapons Fund Under Attack After Gambling Scandal

  • At least $3.5 million was stolen from the fund to pay bets
  • Fund is financed by 10% of the sales of state copper company

Chile’s military manages an undisclosed fund for weapons -- few know how many billions of dollars it contains, or where it is invested or exactly what it is spent on. Now, a scandal involving bets at a local casino looks set to change all that.

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