Search

Editors

Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Harry Cassin Managing Editor


Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

Entries in Petroleos de Venezuela (17)

Thursday
Nov012018

Former PDVSA finance chief cops plea after taking $5 million in bribes

The former executive director of financial planning at Venezuela’s state-owned oil company pleaded guilty Wednesday for his role in a $1.2 billion embezzlement scheme.

Click to read more ...

Wednesday
Oct312018

Procurement officer pleads guilty in sprawling Venezuela oil bribe case

A former procurement officer at Venezuela’s state-owned energy company pleaded guilty Tuesday for his role in an international kickback scheme.

Click to read more ...

Monday
Oct292018

Former Swiss banker in Venezuela money laundering gang jailed ten years

A former executive at Julius Baer was sentenced to ten years in prison Monday for his role in a billion-dollar scheme to launder money embezzled from the Venezuela state oil company.

Click to read more ...

Thursday
Sep132018

Two more guilty pleas in PDVSA bribe case

A Texas-based businessman who paid bribes to win work in Venezuela, and the corrupt official who took the bribes, pleaded guilty in federal court in Houston.

Click to read more ...

Thursday
Aug232018

Swiss banker admits role in Venezuela money laundering ring

A former Julius Baer Group wealth manager pleaded guilty Wednesday for his role in a billion-dollar scheme to launder money embezzled from the Venezuela state oil company.

Click to read more ...

Wednesday
Aug012018

Feds make another FCPA arrest in PDVSA bribery case

A dual U.S.-Venezuelan citizen was arrested at Miami International Airport Tuesday and charged with bribing an official at Venezuela's state-owned energy company.

Click to read more ...

Monday
Jul162018

FCPA guilty plea in PDVSA bribery case

A dual U.S.-Venezuelan citizen pleaded guilty Monday to bribing officials at Venezuela’s state-owned oil company and laundering bribe money others paid to the officials.

Click to read more ...

Thursday
May172018

Martin Kenney: ConocoPhillips exposes the Venezuela kleptocracy

The breaking news is that U.S. petroleum company, ConocoPhillips, headquartered in Texas, has been authorized by a Curacao court to seize in the region of $636 million in assets belonging to Petróleos de Venezuela, S.A (Venezuela’s state oil company, or PDVSA).

Click to read more ...

Wednesday
Feb212018

Tom Fox: Houston company sues former Venezuela oil minister for bribe demands

Former Venezuela oil minister Rafael RamirezBribery and corruption are rarely used as the basis of civil actions between entities and individuals. It is the exceptional case where a party claims that its refusal to submit to demands for bribes can lead to a claim of civil liability.

Click to read more ...

Tuesday
Feb132018

DOJ charges Venezuela energy company workers with money laundering, FCPA conspiracy

The DOJ unsealed an indictment Monday against five former employees of Venezuela’s state energy company, charging all of them with money laundering and two with also conspiring to violate the Foreign Corrupt Practices Act.

Click to read more ...

Thursday
Oct122017

Florida businessman pleads guilty in Venezuela PDVSA bribery scheme

The part owner of several Florida-based businesses pleaded guilty Wednesday to foreign bribery charges in a plot to win contracts from Venezuela’s state oil company.

Click to read more ...

Tuesday
Jan102017

Two more FCPA guilty pleas in Venezuela oil company bribe case

Two executives from U.S.-based energy companies pleaded guilty Tuesday to foreign bribery charges involving payments to officials at Venezuela’s state oil company, Petroleos de Venezuela S.A. (PDVSA).

Click to read more ...