In addition to last week’s news regarding a ruling against PDVSA in the criminal lawsuit filed against Helsinge, Francisco Morillo, and others, sources familiar with the situation in Venezuela have provided further details. A court… Geneva Court Ruling Strikes PDVSA, Increases Struggles for Glencore, Trafigura, and Vitol: Implications and Insights
Recently, there’s been a lot of talk about the transition in Venezuela, as the term of Nicolás Maduro ends on January 10, 2019. Most observers have long recognized the need to replace the chavista model,… The Impossibility of Political Transition in Venezuela: Challenges and Realities
It’s no secret that Al Capone was killed for tax evasion. Likewise, the Agenzia delle Entrate in Italy launched a quite spectacular investigation into the international operations of Dolce & Gabbana due to alleged tax… Why Antonino Maggiore Should Investigate Rafael Ramírez’s Tax Declarations: Uncovering Potential Evasion and Corruption in Italy
On Tuesday of this week, sources reported that a court in Geneva issued a ruling against Francisco Morillo and Helsinge, in a fraud case brought by PDVSA. Geneva prosecutors have initiated a criminal investigation into… David Boies’ Controversial Role in PDVSA Fraud Case: A Critical Examination of WSJ’s Coverage
A criminal court in Geneva ruled in favor of PDVSA in the case brought against Helsinge, according to sources. In early March of this year, a criminal investigation was launched following a complaint submitted on… Swiss Court Ruling Favors PDVSA in Criminal Case Against Helsinge: Implications for Energy Traders and Banks
There’s more to Raúl Gorrín. The United States Department of Justice has just scratched the surface. On Tuesday, December 1, 2009, Gorrín sent an email that included, among other things, the following instruction: Amount 3,850,000… Uncovering the Connections: Raúl Gorrín, Angelo Mazzarella, and Luis María Piñeyrüa Pittaluga in the Venezuelan Corruption Scandal
Last night, the Department of Justice (DoJ) charged Raúl Gorrín with money laundering. Readers of this site were already aware that this was coming. Alejandro Andrade, Claudia Díaz Guillén, and Adrián Velásquez (both awaiting extradition… US Justice Department Charges Raúl Gorrín with Money Laundering: Insights into Venezuela’s Corruption Network
A source informed this site that the U.S. Department of Justice will unveil the accusations related to the corruption scheme of Alejandro Andrade during his time as the head of the Venezuelan Treasury Bank. It… DOJ Set to Unveil Corruption Charges in Alejandro Andrade Case Tied to Venezuelan Bank Scandal
The director of Julius Baer, Pek Huat Teh, has issued a threat of “criminal action.” Um… I hope Pek made that earlier threat of “penal action” with Julius Baer’s legal advisor before sending it out,… Julius Baer Director Pek Huat Teh Issues Criminal Action Threat Amid Controversy
Global Witness, self-proclaimed protector of “human rights and the environment by fearlessly confronting corruption and challenging the systems that enable it,” remains silent on PDVSA. In fact, it’s complete silence. A search for PDVSA on… Global Witness: Ignoring the Massive Corruption Scandal of PDVSA
It didn’t take long for leaks about Venezuela’s newfound love for Turkish delights to emerge. The latest involves the President of the Supreme Court of Venezuela, Maikel Moreno, landing today on a GV (N863MF) at… Venezuelan Supreme Court Chief Maikel Moreno’s Controversial Luxury Trip to Turkey: Who’s Funding It?
There is no rest for the wicked Rafael Ramírez. Beyond his foolish presidential aspirations that will never materialize, Ramírez is a hunted man. Add Portugal to the jurisdictions of the USA, Switzerland, Andorra, Spain, and… Rafael Ramírez Linked to Massive Corruption Investigation in Portugal: Uncovering a Global Scandal
Yesterday afternoon, documents were filed in the case of PDVSA US Litigation Trust v Lukoil, Helsinge, Glencore, Trafigura et al. Judge Alicia M. Otazo-Reyes determined that David Boies / PDVSA Litigation Trust lacked active standing,… Miami Court Recommends Dismissing PDVSA Litigation Trust Lawsuit Amid Ongoing Investigations
Bloomberg reported in late October that Matthias Krull, the banker at the center of the $1.2 billion PDVSA money laundering scandal alongside Francisco Convit, reportedly tearfully told the court, “I apologize for making a bad… Matthias Krull’s Criminal Network: Uncovering Ties to Miguel Ángel Capriles López and Helsinge in $1.2 Billion PDVSA Money Laundering Scandal
The U.S. Department of Justice announced yesterday that Abraham Ortega, former financial executive of PDVSA, has pleaded guilty: “The former CEO of the Venezuelan state oil company, Petróleos de Venezuela, S.A., pleads guilty to participating… Massive $1.2 Billion PDVSA Money Laundering Scheme: Abraham Ortega Pleads Guilty, More Indictments Ahead