US: 8 charged in $1.2B Venezuelan money-laundering scheme

MIAMI — Federal prosecutors say eight people have been charged with playing roles in a $1.2 billion money-laundering scheme involving Venezuela's state-run oil and natural gas company.

Miami U.S. Attorney Benjamin Greenberg said in a news release Wednesday the scheme began in 2014 with bribery and fraud at the state-run PDVSA enterprise and grew over time. A criminal complaint contends the scheme involved members of the Venezuelan elite, money managers, brokerage firms, banks and real estate investment firms.

Two suspects have been arrested. Authorities say 44-year-old Mathias Krull, a German national and Panama resident, was arrested at Miami International Airport. Investigators say 45-year-old Gustavo Adolfo Hernandez Frieri, a Colombian national and naturalized U.S. citizen, was arrested in Sicily. The other suspects are at large.

Court records list no attorneys for the men.

You may also like these

China ambassador urges Australia against 'bias...

Jun 19, 2018

China's ambassador to Australia says the strained diplomatic relationship between the two countries...

Huawei executive warns Australia risks economy...

Jun 27, 2018

A Huawei executive says Australia could damage its economic future if it bans the Chinese...

Australian PM rules out minor party deal to...

Mar 28, 2019

Australia's prime minister has ruled out any vote-sharing deal with an influential minor party in a...

Australian election May 18 to be fought on...

Apr 11, 2019

Australia's prime minister calls a May 18 election that will be fought on issues including climate...

China tightens control of online news after...

Aug 19, 2016

The Chinese government is holding chief editors of news websites personally liable for content...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!