It has become a norm. Unverified information leaked to this site is eventually supported by official evidence. The latest findings bring to a close an extraordinary claim: that Derwick Oil & Gas was, in fact,… Derwick Oil & Gas Engages in Alleged Money Laundering Schemes with Gazprombank through PDVSA
Open Letter to Preet Bharara Dear Preet, Your request for information from Swiss authorities regarding the investigation your office is conducting into Derwick Associates(link is external) has finally been confirmed. As a direct victim of… Preet Bharara’s Corruption Investigation Reveals Derwick Associates’ Troubling Links to Gazprom and PDVSA’s Shadowy Dealings
By Alek Boyd Petróleos de Venezuela, commonly known as PDVSA, is a state-owned oil conglomerate. Despite much opposing propaganda, it was established in 1976 by then-president Carlos Andrés Pérez as part of a nationalization… Corruption Deepens at PDVSA with Over $30 Billion Funneled to Contractors Amidst Government Mismanagement
Read an updated version here. Petróleos de Venezuela, commonly known as PDVSA, is a state-owned oil conglomerate in Venezuela. Despite much contrary propaganda, it was established in 1976 by then-president Carlos Andrés Pérez as part… Corruption Runs Rampant at PDVSA as Chavismo Dismantles Venezuela’s Oil Giant
In September 2013, as part of the “Who is…?” series, I published an investigative report on Luis Oberto, a discreet member of the Venezuelan boliburguesía who has managed to maintain a low profile despite a… Luis Oberto’s Alleged Money Laundering Operations Linked to PDVSA Exposed in St. Barts
The email came from a journalist colleague at W Radio in Colombia, seeking information about Trenaco and/or Alex Saab. The topic in question was a contract believed to exceed $7 billion, which Petróleos de Venezuela… PDVSA’s Alleged $20 Billion Contract to Trenaco Raises Serious Corruption Concerns
The message from the Bloomberg reporter read: «Hi, I’m a reporter doing something on Derwick. Can I give you a call to ask a couple of questions?» By this point, it’s clear that emails and… Bloomberg’s Disturbing Obfuscation of Venezuelan Corruption in Derwick Scandal
Francisco Illarramendi is currently appealing his 13-year sentence for securities fraud linked to the pension fund of Venezuela’s state oil company, Petroleos de Venezuela SA. In January, he filed an interesting document in the federal… Unmasking the Illarramendi Saga: The Oil Scandal That Rocked Venezuela – Is He a Victim or a Villain?
Everyhistorical event has a defining moment. I propose that Hugo Chavez’spolitical career didn’t start with the coup d’état,but rather with that interview in which he addressed the nationand uttered the famous “for now.” That brief… Chavismo Faces Reckoning as US Targets Corruption and Human Rights Violations
[UPDATED*] Earlier this week,El Mundo, a prominent Spanish newspaper, disclosed that six Venezuelans are under investigation by Spain’s Anti Money Laundering squad (SEPBLAC) for money laundering activities. This revelation follows a notice from the U.S.… Derwick Associates’ Corruption Exposed in Venezuela’s Contract Scandal
Who can we trust regarding the $50 million bribes in Venezuela? Should we believe Nervis Villalobos? Here’s what he told our website in 2013: Nervis Villalobos, a former deputy minister of energy in Venezuela, refutes… Scandals Unleashed: $50 Million Bribe Allegations Rock Venezuela—Can We Trust Nervis Villalobos or El Mundo?
I’ve rarely come across a news article as shocking as this piece in El Mundo. I will translate the essential parts; however, if you can manage a bit of Spanish, I recommend checking it out… Chavista Elite Exposed in Spanish Money Laundering Scandal Linked to Massive Corruption
Citgo Petroleum, a US refining arm of Venezuela’s state-owned PDVSA, significantly increased its lobbying efforts in 2014. According to data from OpenSecrets.org, Citgo spent $2.16 million on lobbying in Washington, a staggering five-fold rise compared… Citgo’s Lobbying Tactics Reveal Unethical Ties to Washington’s Power Brokers
A document leaked online in November raises concerns about whether multinational corporations did everything possible—and what they were legally obligated to do—to avoid potential corruption within Venezuela’s electricity sector. This document comprises a series of… Pratt & Whitney’s Role in Venezuela’s Corruption Raises Serious Accountability Concerns
Do readers remember Adam Kaufmann? The former prosecutor from the New York District Attorney’s Office and lawyer for Derwick Associates, who officially stated in the Wall Street Journal, “We are a transparent company and have… Derwick Associates Exposed for Allegedly Embezzling $70 Million in Astounding Daylight Theft