Been trying to get a clearer picture of the involvement of JP Morgan in laundering millions of dollars siphoned out of Venezuela by Derwick Associates. A source recently pointed me in the right direction, and so I found in New York property records' database documents that demonstrate, beyond reasonable doubt, that JP Morgan bankers purchased property -as proxies- on behalf of Derwick Associates, while it also granted a $5.8 million mortgage on said property.
Alek Boyd's blog
Luis Oberto (aka Luis Alfonso Oberto Anselmi) one of the most discreet members of the Venezuelan Boliburgeoisie. A mention here, another there, it seems that Oberto has been able to fly under the radar for quite some time now, although INFODIO readers -an extraordinary source of information on all these white-collar thugs- have been sharing intel on Oberto and his operations. Please bear with me as this is about to get more complicated than a Venezuelan soap opera.
I got up this morning to the news that "I've got AIDS." It wasn't my doctor who gave me the bad news, no. It was the Derwick boys (Francisco D'Agostino, Francisco Convit, Pedro Trebbau, and Alejandro Betancourt), who in their boundless wisdom, continue to position the only tactic they have at their disposal, money, in order to deploy the only strategy they know to use when bribery fails: intimidation.
The correct thing to do, in relation to billions of dollars reportedly schemed by a number of companies contracted to solve the power crisis in Venezuela, is to allow them to have their say. As such, I sent a few communications yesterday to IMPSA, an Argentine conglomerate whose activities have been singled out by Venezuelan experts as exhibit A of enormous overbilling in the execution of public infrastructure works. Case in point Tocoma, fourth dam in a series in the lower Caroní river, being built by a consortium (Odebrecht, Impregilo & Vinccler) and in which IMPSA was the chosen contractor to build and install 10 Kaplan turbines.
Derwick Associates, the energy company involved in a mega corruption scandal, overcharged the Venezuelan State as much as $2.933 billion according to estimates from energy expert Jose Aguilar. In an interview with INFODIO, Aguilar argued that Derwick Associates is the "tip of the iceberg" in a considerably larger swindle that could have cost Venezuela in excess of $23 billion. Aguilar named names of international corporations taking part in the scheme: Argentina's IMPSA, Spain's IBERDROLA and Duro Felguera, France's Alstom, China's CMEC and Sinohydro, Germany's Ferroostaal, Thailand's TSK, as well as American Waller Marine.
Leopoldo J. Martinez is a Washington D.C.-based Venezuelan tax expert and lawyer, closely aligned with the opposition movement to the late Hugo Chavez. Martinez is meant to be Washington's representative of MUD -umbrella group of parties and politicians- led by Henrique Capriles. His Twitter and Facebook account reveal where he stands politically. There's even photos of him sitting proudly next to Capriles.
Forget about Tiny Rowland and his African adventures as imperialist entrepreneur and dealmaker. The unacceptable face of capitalism has morphed into its XXI century iteration: bankers. This meme of bankers as the world’s worst has been appropriated and “occupied” by the Left. And the argument has been set up as one between “capitalism” and the power of the state. It may seem odd for someone like me to bash capitalism and entrepreneurship, but seeing what some “capitalist” bankers and banks are doing these days, I can't help but empathise with the "progressive" trend to paint bankers as the parasites on the world’s productive class.
Nelson Bocaranda, legendary Venezuelan journalist who scooped the global media with his precise and uncanny reports about Hugo Chavez's cancer (at a time when Venezuela denied the seriousness of Chavez's ongoing illness), reports today that a Frenchman by the name of Charles Henry de Beaumont (a.k.a. Charles Henry du Boscq de Beaumont) with Compagnie Bancaire Helvétique (CBH) in Switzerland, has been opening bank accounts for chavista officials.
Now that I have had time to go over the lawsuit filed by Otto Reich against Derwick Associates' "ChavezKids" (aka Bolichicos), the first thing that caught my eye was to learn about a chap called Eduardo Travieso, formerly with JP Morgan. I have evidence that Mr Travieso had more than just a professional relationship with Derwick Associates' executives.
Setty is reporting over in Twitter that Otto Reich, former U.S. Secretary of State for Latin America and Ambassador to Venezuela, is suing Derwick Associates for racketeering in the US. The targets are the unlikely trio of Alejandro Betancourt Lopez and Pedro Trebbau, the two principals behind Derwick Associates that are so familiar to visitors of this blog. The third person is Francisco D’Agostino, who is the son-in-law of Boligarch megabanker Victor Vargas from Maracaibo.
I first became aware of Claudio Osorio's existence in 2005. He was a high-flying Miami businessman from Venezuela who was throwing money all over the place: Gloria Estefan, Bill Clinton, Jeb Bush, Debbie Wasserman-Schultz, and even the Obamas came knocking at his door looking for cash. Cash for political campaigns, cash for foundations, cash for fun. And Osorio, a businessman with a checkered past involving swindling investors in Switzerland, was happy to oblige.
Wikipedia (handle with care) defines it thus: "SUCRE (Spanish: Sistema Único de Compensación Regional, English: Unified System for Regional Compensation) is a proposed regional currency to be used in commercial exchanges between members of the regional trade bloc Bolivarian Alliance for the Americas (ALBA), which was created as an alternative to the Free Trade Agreement of the Americas (FTAA). The SUCRE is intended to replace the US dollar as a medium of exchange in order to decrease US control of Latin American economies and to increase stability of regional markets." A noble endeavor, some will say...
Hugo Chavez was a media product. When he got caught in 1992, leading a coup against democratically-elected Carlos Andres Perez, he was allowed to address the nation, live. His call to fellow putschists to depose arms and "por ahora" speech made him a national icon, instantly. Chavez knew, better than any politico in Venezuela, what control of the media meant.
There's a lot of talk in Venezuela these days about whether Edward Snowden is going to end up in Caracas, protected and supported by chavismo. Snowden, already famous worldwide for revealing how the US government spies on its people, said recently that Venezuela had his "gratitude and respect for being the first to stand against human rights violations carried out by the powerful rather than the powerless..."
Colombia's Ministry of Defence informed today that Roberto Pannunzi, a boss linked to Calabria's 'Ndrangheta mafiosi was captured in Bogotá, in a joint operation between Colombia's Police and the Drug Enforcement Administration. Colombia's Ministry of Defence states in its report that Pannunzi identified himself with afake Venezuelan ID -on the name of Silvano Martino- when arrested in a shopping mall in the north of Bogotá.
Nearly all reports written on the topic since have questioned Nicaragua's choice of partner: a Chinese individual called Wang Jing. More from the BBC: "The Chinese businessman behind a $40bn (£26bn) plan to build a canal through Nicaragua has promised transparency and insisted his project is not a joke."
Back in April, in the course of my research into the Boliburgeoisie, I came across a claim, a bold one, that left me gobsmacked: DAVOS Financial Group -owned by David Osio- was stating in its website that it had a "portfolio valued at over $1 trillion in assets under management of private and institutional clients." One trillion dollars. Wow. I made sure to take a screen shot and thentweeted: "David Osio claims his DAVOS bank has $1 trillion (?) under management. Is that where the bulk of Vzla's missing funds are? @davosobserver"
Dear Kroll employees who have been poking around: I know you have a long and rotten history of working for some of Venezuela's nastiest and most corrupt figures. They range from major bank fraud titan Jose Alvarez Stelling from Banco Consolidado, to the loathsome Gustavo Gomez Lopez at Banco Latino (the Madoff of Venezuela) who now pretends to be a lawyer in Venezuela, failing to mention any reference to Banco Latino and its vanished billions in his bio.
Europe seems to be going downhill very fast indeed. Vladimir Putin's having his critics killed in Central London is not a one of, isolated event. Now we see how Kazakhstan's dictator, Nursultan Nazarbayev, gets Italy'sMinister of the Interior, Minister of Justice, Minister of Foreign Affairs, andpolice's special forces chief and commandos violate every pertinent law and due process, by summarily kidnaping and deporting from Rome relatives of his critics. This event, in the capital city of a European country let's not forget, should be a scandal of monumental proportions, shouldn't it?
Pity Max Blumenthal and Electronic Intifada. After spending, presumably, countless hours researching Islamophobia, "exposing" Thor Halvorssen's links to it, and "alerting" the government of Norway and Amnesty International about it,they were dismissed, by both, as irrelevant.
When the International Consortium of Investigative Journalists (ICIJ) started publishing about offshore links of the world's great and powerful, the $500+ million ponzi scheme set up by Francisco Illarramendi came up.
As the dust settles in the spurious lawsuit against Banco Venezolano de Credito brought by proxies of the Venezuelan regime (Derwick Associates), it is worth exposing some of the parties that participated in this malicious charade.
Fabulists, embellishers, and fradusters are often found in the media. The United States has no shortage of professional exaggerators, when it comes to military exploits and accomplishments. Sometimes men who claim to have “served” in “active duty” in Vietnam for instance—providing the perception of wading through rice paddies, were actually sitting at a desk job and never once picked up a rifle.
Diosdado Cabello holds the keys to Venezuela's future. Not Nicolas Maduro. Not his Cuban handlers. Not Henrique Capriles. Not Rafael Ramirez. Not the criminal enterprises that sustain chavismo. Not the electoral authorities (CNE) that will most definitely not allow a recount of votes or meaningful scrutiny, as requested by Capriles. Not the Congress. Not the media. Not the "international community". Not the USA. Not Colombia (Santos reached a new low if that was ever possible). It all depends, in my opinion, on how Diosdado Cabello plays his cards.