July 2018

Corruption 101 in Venezuela: A case of me, myself, and I

Defendants in the case brought by PDVSA US Litigation Trust are challenging its standing. It is the natural thing to do, considering parties involved in setting up the trust, and the fact that defendants' Trafigura, Glencore, Vitol, Lukoil, etc., very business model is precisely to find and operate in resource-rich, desperately-corrupt banana republics, like Venezuela.

Ruperti pulling strings in PDVSA's Swiss criminal case v Helsinge, Trafigura, Glencore et al

Further to corrupt saga behind PDVSA US Litigation Trust, there is another action that has gone almost unnoticed: a Swiss criminal probe into the affair. A separate civil lawsuit in Florida (Sargeant, III v. Maroil Trading Inc et al - 9:17-cv-81070) provides some clues as to who is calling the shots in Switzerland, and further exposes David Boies' dodgy enterprise.