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Dadparvar
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Alejandro Andrade, former national treasurer for the government of Venezuela, was sentenced to 10 years in prison on Monday by Judge Robin Rosenberg of the US District Court Southern District of Florida for his role in a $1 billion bribery and money-laundering scheme.
Andrade started his political career as a bodyguard to the former president of Venezuela, Hugo Chavez. From there, he moved up the political ranks, attaining key positions in the Venezuelan Economic and Social Development Bank and as Venezuela’s Treasurer.
The indictment alleged that Andrade used his position to allow others access to special exchange rates. Andrade’s co-conspirators could then purchase US dollars from the Venezuelan treasury at a discount, and they would then turn around and sell the dollars for profit.
Andrade has cooperated with federal authorities in their pursuit of his co-conspirators, including Raúl Gorrín, the owner of Globovision.
The post US judge sentences former Venezuela treasurer for role in money laundering scheme appeared first on JURIST - News - Legal News & Commentary.
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Andrade started his political career as a bodyguard to the former president of Venezuela, Hugo Chavez. From there, he moved up the political ranks, attaining key positions in the Venezuelan Economic and Social Development Bank and as Venezuela’s Treasurer.
The indictment alleged that Andrade used his position to allow others access to special exchange rates. Andrade’s co-conspirators could then purchase US dollars from the Venezuelan treasury at a discount, and they would then turn around and sell the dollars for profit.
Andrade has cooperated with federal authorities in their pursuit of his co-conspirators, including Raúl Gorrín, the owner of Globovision.
The post US judge sentences former Venezuela treasurer for role in money laundering scheme appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.