Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time and effort. Visiting media looking for a quick run down on Venezuela's gargantuan corruption, pls have the decency to at least cite the source when plagiarising this site's content without attribution (exhibit Reuters here, exhibit Bloomberg here, exhibit OCCRP here). To all readers: do the right thing, the honest thing, support independent investigative journalism. Note added 28/06/2021: impostors are using INFODIO's former editor's full name, and a fake email address (alek.boyd.arregui at gmail.com) to send copyright infringement claims / take down requests to web hosting companies. 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. Note added 12/06/2026: infodio.com has not created mirror websites / domains and remains totally independent and unrelated to others. Beware of websites using our brand.
Nicolas Maduro is keen on continuation with rampant corruption: not content with partnering with OFAC-sanctioned kingpins to "boost" PDVSA's output, he ordered formation of PETROSUR, a new 60/40 joint venture between Corporación Venezolana de Petróleo (CVP- affiliate of PDVSA) and Inversiones Petroleras Iberoamericanas Ltd, a €1,000 Cyprus shell controlled by Alejandro Betancourt, through a
Great news: the court has unsealed the Engagement Letter, between PDVSA and Boies Schiller Flexner LLP, which sets the rules for establishment of PDVSA US Litigation Trust. This is but confirmation of what this site published a while ago.
If there was ever a need for Venezuelan President Nicolas Maduro to cement his bruttish image, the announcement of two days ago, regarding fresh deals to ramp up oil production between PDVSA and Well Services Cavallino C.A; Petro Kariña C.A.; Helios Petroleum Services C.A.; Shandong Kerui Group; Consorcio Rinoca Centauro Karina; Consorcio Petrolero Tomoporo and Venenca, did the tric
Sources in DC report that the U.S. Department of Justice (DoJ) has taken on PDVSA US Litigation Trust case. Reading this site might have helped! DoJ officials travelled recently to Switzerland, as per Swiss sources, to meet with Swiss counterparts involved in criminal complaint filed by PDVSA's (and also Wilmer Ruperti's) lawyer Guerric Canonica.
Someone told me the other day that David Boies, America's pre-eminent litigator, is complaining about this website. Boies is not happy with leaks that paint him -and his client (PDVSA)- as liars. For the record, I have written to Boies, seeking his comment on involvement with PDVSA US Litigation Trust case.
Dear American friends, quite a lot has happened since Fusion GPS' most famous piece of "opposition research" was successfully "leaked" to the media. Imagine, just in the last few days, the DoJ issued -yet another- indictment ($1.2 billion money laundering scheme) on Venezuelan gargantuan corruption.
Focusing on Matthias Krull -the German-Venezuelan "banker" used by Francisco Convit, Raul Gorrin, Nicolas Maduro et al to launder $1.2 billion worth of PDVSA funds- is like pretending that El Chapo's driver was the head of the Cartel. When it comes to PDVSA, most roads tend to lead to Rafael Ramirez, who was the architect in chief of the world's largest looting of assets and money that anyone has seen.
A source with an intriguing tale of corruption brings me back to corruption issues. For a long while, PDVSA was LatAm’s largest energy conglomerate. Oilmen from Venezuela have spread far and wide since Hugo Chavez’s 1998 electoral victory.
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