Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time. Visiting media looking for a quick run down on Venezuela's gargantuan corruption, have the decency to at least cite the source when plagiarising this site's content without attribution (exhibit Reuters here and here, exhibit Bloomberg here, exhibit OCCRP here). To all readers, do the right thing, the honest thing: support independent investigative journalism, help us expose rampant corruption. Note added 28/06/2021: impostors are using this site's former editor's full name, and a fake email address (alek.boyd.arregui@gmail.com) to send copyright infringement claims / take down requests to web hosting companies (exhibit Hostgator). The attempt is yet another effort paid by corrupt thugs to erase information about their criminal activities. Infodio.com has no issues with other websites / journalists using / posting information published here, so long as the source is properly cited.
"Binaggia worked with EFG, $1.5 billion went through it. But then EFG got cold feet, and after getting their 1% commission told the Obertos to take their business elsewhere. That's when Charles and Danilo came in..." That is how the source described one of PDVSA's forays into cooling Venezuela's economy, by removing "excess" cash from circulation.
More leaks suggest DoJ is preparing another set of indictments / charges against Venezuelan Boligarchs. This $4 billion money laudering gig will feature Charles Henry de Beaumont, his boss at Compagnie Bancaire Helvetique Joseph Benhamou; Pedro Binnagia, Pablo Custer and Dieter Stäubli at EFG Bank; and a yet-to-be-revealed banker Stephen Coleman and Peter Weinzierl at Meinl Bank.
So it came to pass: Alejandro Andrade, aka "teniente chapita", got sentenced to 10 years.
I was going to write a bit about David Boies' latest attempt to keep PDVSA US Litigation Trust civil case alive in Florida. But a Twitter thread will do the trick just fine. Boies has more pressing issues, dealing with DoJ for one, which might explain his idiotic arguments.
There's more to Raul Gorrin. The U.S. Department of Justice (bless them) has just scratched the surface. On Tuesday, December 1, 2009, Gorrin sent an email with -among others- the following instruction:
Monto 3.850.000
HSBC PRIVATE BANK (SWITZERLAND) SA 2, General Guisan CH1211 Geneve swift: BLICCHGG
Attention: Angelo Mazzarella Beneficiary Bellsite Overseas S.A Account no. 1574680
It is quite difficult to make sense of the Justice Deparment's latest in fight against Venezuelan corruption (see full release below). Alejandro Andrade got to be appointed head of Banco del Tesoro (Treasury Deparment) out of pity. It weren't Andrade's financial credentials, of which he has none, that got him the job.
So the Department of Justice (DoJ) charged Raul Gorrin last night with money laundering. Readers of this site sort of knew that was coming. Alejandro Andrade, Claudia Diaz Guillen and Adrian Velazquez (both pending extradition to Venezuela from Spain), are co-conspirators, along Gabriel Arturo Jimenez Aray from Banco Peravia in the DR.
A source has told this site the U.S. Department of Justice is to unseal indicments, related to Alejandro Andrade's corruption racket when heading Venezuela's Banco del Tesoro. Up to nine people are said to be part of criminal probe about to be revealed. It goes back to the times of Leonardo Gonzalez Dellan, all the way to Andrade's multibillion dollar schemes with Raul Gorrin.
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