Ex-Venezuelan exec pleads guilty to money laundering . E&E News .
The former executive director of financial planning for Venezuela's state-owned oil firm has admitted to participating in a high-profile money laundering and embezzlement scheme. As part of his plea to the U.S. District Court for the Southern District of Florida, Abraham Edgardo Ortega said he accepted $5 million in embezzled funds to help shareholders in joint ventures with Petróleos de Venezuela SA, the Justice Department announced yesterday. A total of $1.2 billion has been stolen from the oil giant. Ortega also admitted to receiving $12 million in bribes to take part in a scheme to embezzle funds from the company and to laundering that money through a false investment fund, according to DOJ. Other conspirators in the embezzlement and money laundering plans were indicted on Aug. 16. Ortega's sentencing is scheduled for Jan. 9, 2019.
Venezuela - Corruption at the top
Venezuela - Corruption at the top
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
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- Posts: 16
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Re: Venezuela - Corruption at the top
Nothing yet on Ortega’s fate, but this came up——
“An international banker who catered to mega-rich Venezuelans was sentenced to 10 years in prison by a Miami federal judge Monday for his supporting role in a massive $1.2 billion money-laundering scheme involving stolen funds from Venezuela’s government.”
https://www.miamiherald.com/news/local/ ... 81125.html
“An international banker who catered to mega-rich Venezuelans was sentenced to 10 years in prison by a Miami federal judge Monday for his supporting role in a massive $1.2 billion money-laundering scheme involving stolen funds from Venezuela’s government.”
https://www.miamiherald.com/news/local/ ... 81125.html