Day: May 1, 2021

Miami money manager gets 4 years in Venezuela bribery case

Miami money manager gets 4 years in Venezuela bribery case

MIAMI (AP) — A federal judge has sentenced a Miami money manager to nearly four years in prison for his role in a $1.2 billion conspiracy to embezzle funds from Venezuela’s state-owned oil company. Prosecutors had been seeking a much stiffer sentence against Gustavo Hernandez Frieri, arguing that he had misled them about his assets …

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Venezuela releases former Citgo executives to house arrest -source

Venezuela has released from jail six former executives of U.S.-based refining company Citgo and put them on house arrest, a source familiar with the situation said on Friday, more than three years after they were arrested on corruption charges. The officials were detained in November 2017 after being called into a meeting at the Caracas …

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Venezuela raises minimum wage in fourth year of hyperinflation

The Venezuelan government increased the monthly minimum wage by 289%, an official said on Saturday, moving from the equivalent of 64 U.S. cents to about $2.40 at the exchange rate estimated by the country’s central bank. Venezuela’s economy is in its fourth year of hyperinflation, its seventh year of recession, and has been slowly and …

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Venezuela gives US oilmen house arrest in gesture to Biden

Venezuela gives US oilmen house arrest in gesture to Biden

FILE – This undated file photo posted on Twitter on June 18, 2020 by Venezuela’s Foreign Minister Jorge Arreaza, shows CITGO oil executives Jose Angel Pereira, from left to right, Gustavo Cardenas, Jorge Toledo, Jose Luis Zambrano, Tomeu Vadell and Alirio Jose Zambrano, standing outside the Bolivarian National Intelligence Service, in Caracas, Venezuela. The oil …

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A Glut of Arms: Curbing the Threat to Venezuela from Violent Groups

A Glut of Arms: Curbing the Threat to Venezuela from Violent Groups

What’s new? Political turmoil, economic ruin and heightening tensions with neighbouring countries have furnished non-state armed groups, including guerrillas from Colombia, criminal syndicates, paramilitaries and pro-government vigilantes known as colectivos, with the means to expand their influence and presence across Venezuela. Why does it matter? Armed groups filling the vacuum left by a government determined to resist …

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«CITGO 6» oil executives released to house arrest in Venezuela in apparent goodwill gesture to US

“CITGO 6” oil executives released to house arrest in Venezuela in apparent goodwill gesture to US

(CNN)Five United States citizens and a Venezuelan citizen who were serving prison time in Caracas have been released to house arrest, two lawyers for the men and a former US governor lobbying for their release told CNN. The group, collectively known as “CITGO 6,” consisted of former executives of US-based refinery CITGO. They were arrested …

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A Rebel Playing Field: Colombian Guerrillas on the Venezuelan Border

A Rebel Playing Field: Colombian Guerrillas on the Venezuelan Border

In the early hours of 21 March, the screech of combat aircraft overhead sounded the alarm that Venezuela has become a theatre in Colombia’s decades-long internal conflict. That morning, the Venezuelan military launched its first large-scale operation against a dissident faction of the Revolutionary Armed Forces of Colombia (FARC) active inside Apure, a Venezuelan state …

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