David Osío is one of the prominent boliburgueses and financial operators linked to the chavismo regime, who has reportedly embezzled significant amounts from the Venezuelan State. Together with his wife Mírela Mendoza, Osío lavishly spends the money that he stole in Venezuela.
David Osío, a Venezuelan currently under investigation by federal agencies in the US, once founded Dólar Bank, a third-tier bank.
The bank is owned by a discreet woman who rented rooms in La Floresta, none other than Osío’s own mother, Isabel Montiel de Osio, also known as “Chavela.” It wasn’t long before a scam unfolded, affecting thousands of depositors, including a high-ranking executive from Empresas Polar who deposited a million dollars.
Osío is notorious in Venezuela for his involvement in the Pension Fund scam alongside businessman Francisco Llaramendi.
The question remains: how did a man earning 600 dollars as an employee of the now-defunct Banco Industrial amass such a fortune?
Osio established a scheme with UBS that opened foreign currency accounts for American citizens, in violation of the relevant legislation in that country, leading to penalties against the banking entity.
Recently, Osío’s partners won a hefty lawsuit against him. Those partners are José Daniel Carrillo and Rodrigo Fernández Zinng.