Imagine this scenario: during a recent visit to Washington, I suggested to Pedro Burelli – a dear friend for many years – that, since Juan Guaidó’s interim administration was seeking to recover lost funds to… Corruption in Venezuela’s Fishing Industry: Navigating Guaidó’s Transition and Legal Challenges
What is the point of imposing a sanctions regime on the miserable Nicolás Maduro while leaving the backdoor open? This is a relevant question in our view. Venezuela / PDVSA cannot issue more debt according… US Treasury Must Reassess Sanctions Against Venezuela: Navigating the Loopholes and Implications
The U.S. Department of the Treasury has finally placed PDVSA under its sanctions regime targeting the kleptocracy of Nicolás Maduro. This escalation followed the Trump administration’s recognition of Juan Guaidó as interim president of Venezuela.… US Treasury Must Intensify Sanctions Against Nicolás Maduro and PDVSA to Combat Venezuelan Crisis
Scholars in the social sciences will likely view Venezuela in the future as a unique case. A self-proclaimed socialist revolution, led by an idealistic military coup leader, succeeded in obliterating one of the best-managed state… Venezuela’s Uncertain Transition: Challenges and Strategies for Change
Nicolás Maduro is in a bind: the Trump administration has recognized Juan Guaidó as the legitimate president of Venezuela and, more importantly, Carlos Vecchio as his official business representative in the U.S. What this means… Venezuela’s Maduro Partially Lifts Currency Controls with INTERBANEX Amid Political Turmoil
The current state of affairs is as follows: Juan Guaidó, the head of the Venezuelan Congress, proclaimed himself the interim president of the country. Guaidó based his actions on an interpretation of Article 233 of… What’s Next for Juan Guaidó and the Future of Venezuela?
The Financial Information Unit has issued a series of guidelines to banks, financial entities, and notaries on how to act in these cases. Source: Perfil VIA Frente Libertario The Government aims to financially isolate Nicolás… Government Intensifies Financial Isolation Efforts Against Nicolás Maduro’s Criminal Network
The U.S. Treasury Department has today sanctioned Raúl Gorrín and his network. Also targeted are former associates like González Dellán and Claudia Díaz Guillén, who is awaiting extradition to the U.S. from Spain. Gorrín, in… U.S. Treasury Sanctions Raúl Gorrín, Key Operator for Nicolás Maduro, Targeting Corruption in Venezuela
Ten days ago, I had a conversation with a source highly knowledgeable about bonds. They mentioned that some institutional investors were going to approach the courts to activate the acceleration clause of the 2034 bond… Impending Legal Battles for Venezuela: Institutional Investors Activate Acceleration Clause on 2034 Bond
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
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
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
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
Rafael Ramírez, the man who managed over a trillion dollars during his tenure as CEO of PDVSA and Minister of Energy in Venezuela, accuses the chavismo of corruption in the granting of oil concessions. In… Rafael Ramírez: The Hypocrisy of a Former Oil Mogul Criticizing Corruption Amidst His Own Controversies
Long before Reuters “discovered” part of the corruption linked to Alex Saab in an “exclusive,” Colombian lawyer Abelardo de la Espriella took on Revista Semana, one of Colombia’s most prestigious political magazines. The reason was… Colombia’s Justice System Targets Alex Saab: DEA Investigation Deepens Amidst Corruption Allegations