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Further to corrupt saga behind PDVSA US Litigation Trust, there is another action that has gone almost unnoticed: a Swiss criminal probe into the affair. A separate civil lawsuit in Florida (Sargeant, III v. Maroil Trading Inc et al - 9:17-cv-81070) provides some clues as to who is calling the shots in Switzerland, and further exposes David Boies' dodgy enterprise.
Continuing with the question of whether David Boies and Boies Schiller Flexner LLP (BSF) complied with FCPA, in the contract (Engagement Letter) with PDVSA that underpinned the formation of PDVSA US Litigation Trust, I should comment on another aspect of it: possible conflicts and waivers.
That Conoco lawsuit against PDVSA US Litigation Trust must have a lot of folks quite nervous. There are inaccuracies in particulars of claim, like the ultimate parent of Algamex in Isle of Man, or who exactly is behind the Trust.
Great news this AM: ConocoPhillips has sued PDVSA US Litigation Trust in New York. Only through this sort of litigation in the US can Venezuelans peek into the gargantuan corruption in PDVSA.
Remember that beautiful sailing boat owned by Bill Duker? It's called Sybaris.
David Boies not only acts as PDVSA US Litigation Trust counsel. According to three people familiar with the case, aside from legal fees, Boies is to get 22% of the 66% gifted by PDVSA.
David Boies, über lawyer, has been caught "cagando y sin papel". Worse still, his Florida action is being shut down by Venezuela's dictator Nicolas Maduro.
David Boies legal career has been referred, almost unanimously, as that of a very successful professional, a superstar lawyer with an exceptional attention to detail who has gotten a choice of cases that have catapulted him, and his firm, to the very top
The Department of Justice should activate established cooperation channels with the Swiss, and make sure that evidence of rampant corruption related to this case cements other ongoing probes. DoJ should exploit the opportunity presented by Boies' decision to get in bed with the likes of Wilmer Ruperti. It is a gift. The actionable intelligence that could be gotten, put to good use, can help remediate one of the hemisphere's worst humanitarian and political crises.
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