Venezuela's Corruption Exposed

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 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 (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.

Latest

Ensa Energia A.G.

PDVSA's US Treasury sanctions busting moves to Labuan: exhibit Ensa Energia A.G.

2 years ago By Alek Boyd

The latest regarding novel ways for PDVSA to continue laughing at U.S. Treasury sanctions involves an offshore jurisdiction that was never featured among usual suspects: Labuan International Business and Financial Centre. Companies registered in Labuan are a bit like the old bearer shares structures of other jurisdictions: UBO records related to any given company are only to be made available to enquiring parties if the UBO allows it.

Victor Vargas admits illegality of his banks

UPDATED - Victor Vargas admits illegality of his banks

2 years ago By Alek Boyd

UPDATED 07/01/2022 - 16:16GMT - Have a look at the pdf below. It is an internal memo from Grupo Financiero BOD, dated 18 October 2016, signed by none other than Victor Vargas, founder and CEO of the group. No watermark has been added to preserve orginal metadata (author Carely Valentin). It relates to banking operations in Venezuela and abroad (money transfers).

Elizabeth Holmes verdict: some are more guilty than others
Elizabeth Holmes verdict: some are more guilty than others
Alek Boyd Tue, 01/04/2022 - 06:34

Guess it would be fairly easy to write a feminist critique about guilty verdict, on counts of conspiracy to commit fraud and wire fraud, against Theranos' founder and CEO Elizabeth Holmes. The jury's decision seems particularly harsh, considering main victims here are the bruised egos of the imbecilic investors that fell for Holmes' unbelievable bullshit. Borrowing from her business pitch, a drop of common sense would’ve avoided the embarrassment, but greed springs eternal and Holmes knew how to capitalise on it.

Majed Khalil's lawsuit against Fox News, Lou Dobbs & Sidney Powell

On Majed Khalil's lawsuit against Fox News, Lou Dobbs & Sidney Powell

2 years ago By Alek Boyd

U.S. media has reported that Majed Khalil sued ($250 million - defamation) Fox News, Lou Dobbs and Sidney Powell. It couldn’t have happened to better people, honestly. However, Khalil just could not be further removed from the portrait of a much maligned, innocent and squeaky clean "Venezuelan businessman" his stupid Brown Rudnick counsel is depicting.

"Starbucks" Venezuela

Venezuela open for business

2 years ago By Alek Boyd

Starbucks recently opened a shop in Caracas. It was an instant hit. Social media got inundated with the news, as sure sign that Venezuela is back on the mend. In other news, many sources report that Caracas looks different. There are bodegones (delis) popping all over the place. Restaurants and night clubs are filled with beautiful people. Some avenues in East Caracas are lit again, as part of a beautification effort launched by local authorities. The greenback is king... 

Copyright © 2018, INFODIO. All rights reserved.