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Ex-Venezuelan official who helped feds in huge corruption case gets two years in prison Jay Weaver, The Miami Herald May 6 A former top financial officer in Venezuela s state-owned oil company was sentenced to two years and four months in prison Wednesday after admitting that he played a supporting role in allowing wealthy Venezuelan kleptocrats to make loans to the government entity that yielded fortunes for them. Abraham Edgardo Ortega, the former executive director of financial planning at Petroleos de Venezuela, S.A. (PDVSA), admitted he accepted more than $12 million in bribes that were secretly wired to U.S. and other financial institutions. Ortega, who was facing about five years in prison, was given a significant sentence reduction by U.S. District Judge Kathleen Williams because he was the first Venezuelan official to cooperate with federal authorities in a massive $1.2 billion money-laundering conspiracy case. ....
Abraham Edgardo Ortega is one of nine people charged in the laundering scheme. (Getty, Department of Justice) A former executive with Venezuela’s state-run oil company was sentenced to two years and four months in prison in connection with an alleged $1.2 billion money laundering scheme linked to South Florida real estate. Abraham Edgardo Ortega, who was executive director of financial planning at PDVSA, admitted he accepted more than $12 million in bribes for his role, which allowed other Venezuelans who were charged to embezzle from the company, the Miami Herald reported. Prosecutors allege “kleptocrats” made loans to the oil company that made them wealthy overnight, in part through Venezuela’s unique currency exchange system. ....
Die 20 wichtigsten Fragen & Antworten zum Joggen bz-berlin.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bz-berlin.de Daily Mail and Mail on Sunday newspapers.
Last Updated: Banker To Venezuela Kleptocrats Turns Star Witness A Swiss banker convicted in the U.S. for facilitating the looting of Venezuela s state coffers is breaking his silence and revealing what he knows about corruption in the South American country. A Swiss banker convicted in the U.S. for facilitating the looting of Venezuela s state coffers is breaking his silence and revealing what he knows about corruption in the South American country. Matthias Krull was for years the go-to banker for government insiders as the head of Julius Baer Group s office in Caracas. Over 14 years he estimates having brought in more than $1 billion in deposits to the Zurich-based bank. Among his would-be clients were President Nicolas Maduro s stepsons. ....
Gustavo Hernández Frieri, el cartagenero que ayudó a desfalcar a PDVSA en USD$ 1,2 billones las2orillas.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from las2orillas.co Daily Mail and Mail on Sunday newspapers.