Venezuela’s former national treasurer was sentenced to ten years in prison Tuesday for his role in a plot to launder $1 billion in bribes.
Alejandro Andrade, 54, Venezuela’s national treasurer from 2007 to 2010, pleaded guilty in December 2017 to a money-laundering conspiracy. His plea was unsealed last week.
Andrade received the maximum sentence possible under his plea deal.
He also forfeited $1 billion in personal assets, including bank accounts, aircraft, real estate, vehicles, horses, and watches.
Andrade lives in Wellington, Florida. He helped prosecutors bring an FCPA and money-laundering case against Raúl Gorrín, a Venezuelan who owns the Globovision news network.
Another defendant in the case, Gabriel Arturo Jimenez, pleaded guilty under seal in March this year to a money-laundering conspiracy.
Gorrín bribed Andrade and Jimenez with money and “private jets, yachts, homes, champion horses, high-end watches and a fashion line,” the DOJ said.
Jimenez’s sentencing is set for November 29.