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

Money laundering PDVSA style: featuring Rafael Ramirez, Nervis Villalobos, Luis Oberto, and Juan Andres Wallis
Alek Boyd Mon, 11/02/2015 - 11:25

South of the Rio Grande, only Venezuela can claim to have reached Olympian heights in the corruption leagues. Venezuela is where grand theft has become institutionalized, and more importantly, perhaps the only country in the region -apart from the Cuban dictatorship- where stealing billions of dollars has no consequences. None.

[UPDATED] Agents of chavismo break into blogger's flat in London

10 years ago By Alek Boyd

[Scroll down for updates] To be perfectly honest folks, I didn't see this one coming, consequence I think, of having shed many years ago the paranoia that almost every Venezuelan carries like a second skin. I thought I was safe in Central London. Until Monday morning, when some thugs most probably sent by chavismo and/or its boligarch associates broke into my flat and stole my laptops. They didn't take my wallet, money, valuables...

[UPDATED] How to steal $70 million in a day: Derwick Associates style
Alek Boyd Wed, 10/01/2014 - 22:10


There are many things we still don't know about Derwick Associates, but there's one we do know: Alejandro Betancourt (left), Pedro Trebbau and Jeff Canon (right) swindled -at the very least- $70 million USD from the Venezuelan State.

UPDATED: What PDVSA bid did Lazard Frères win to sell CITGO?
Alek Boyd Mon, 09/22/2014 - 09:23

Lazard, an old investment bank from France that operates around the world, has been retained by PDVSA to sell CITGO. Lazard describes itself as "the world's leading independent financial advisory and asset management firm." A document leaked to this website provides the best-to-date insight into Lazard's relation with PDVSA on the specifics of CITGO: 

[UPDATED] Acquisition of El Universal to be challenged in Panama
Alek Boyd Thu, 09/18/2014 - 10:29

Let me start with the basics: El Universal, one of Venezuela's oldest newspapers, was sold recently to a Spanish company called Epalisticia.

Epalisiticia, a €3,500 shell registered in July 2013, has one shareholder: Tecnobreaks Inc.

et tu Neil Karr? A new associate emerges in the Derwick saga

10 years ago By Alek Boyd

"We are a transparent company and have nothing to hide" said Adam Kaufmann, former New York DA's chief investigator, to the Wall Street Journal in relation to probes that his former office and other Federal Agencies have launched against his client Derwick Associates. A transparent company does not need an army of lawyers and spin doctors to obscure every single operational aspect, but perhaps transparency has a different meaning in Derwick's world. In any case, Derwick has been caught lying repeatedly, and it seems that evidence of another lie has just emerged.

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