One luxury item is showing up more often in alleged graft-related asset seizures: wrist watches, especially the high-end variety with eye-watering price tags.… Continue Reading
A Miami-based businessman who pleaded guilty to a single FCPA conspiracy count was sentenced Wednesday to 51 months in federal prison.
Luis Alberto Chacin Haddad, 54, bribed officials at Venezuela’s state-owned electricity company, Corpoelec, in exchange for $60 million in contracts for Florida-based businesses he owned with a co-conspirator.… Continue Reading
Two businessmen pleaded guilty in federal court in Miami to bribing a former Venezuela government minister and another official at the state-owned electric utility in exchange for $60 million in contracts for their Florida-based businesses.… Continue Reading
An executive who controlled several U.S.-based companies pleaded guilty Wednesday to bribing officials at subsidiaries of Venezuela’s state energy company.
Jose Manuel Gonzalez Testino (Gonzalez), 49, of Miami, Florida, pleaded guilty in federal court in Houston to one count of conspiracy to violate the Foreign Corrupt Practices Act, one count of violating the FCPA, and one count of failing to report foreign bank accounts. … Continue Reading
A federal indictment unsealed Tuesday charged the president of a Miami-based company and its former sales rep with bribing officials at Venezuela’s state energy company to win work and receive payment of past due invoices.… Continue Reading
A former Houston-based procurement officer for Venezuela’s state energy company who was supposed to be helping the DOJ investigate graft at the company pleaded guilty Monday to obstructing the government’s investigation.… Continue Reading
Venezuela’s former national treasurer helped prosecutors bring an FCPA case against a media tycoon, and agreed as part of his own plea deal to forfeit $1 billion in personal assets.… Continue Reading
An indictment unsealed Monday charged a Venezuelan TV network owner with violating the Foreign Corrupt Practices Act and laundering money using U.S. banks and real estate deals.… Continue Reading
The former executive director of financial planning at Venezuela’s state-owned oil company pleaded guilty Wednesday for his role in a $1.2 billion embezzlement scheme.
Abraham Edgardo Ortega, 51, a Venezuelan national, pleaded guilty in federal court in Miami to one count of a money laundering conspiracy.… Continue Reading
A former Julius Baer Group wealth manager pleaded guilty Wednesday for his role in a billion-dollar scheme to launder money embezzled from the Venezuela state oil company.
A dual U.S.-Venezuelan citizen was arrested at Miami International Airport Tuesday and charged with bribing an official at Venezuela’s state-owned energy company.
The DOJ charged businessman Jose Manuel Gonzalez Testino (Gonzalez) with conspiring to violate the Foreign Corrupt Practices Act and with substantive FCPA offenses.… Continue Reading