Tuesday, November 27, 2018

FORMER TREASURER OF VENEZUELA SENTENCED TO TEN YEARS FOR MONEY LAUNDERING IN MIAMI FEDERAL COURT



Alejandro Andrade Cadeño the former President of the National Office of the Treasury in Venezuela, and former president of BANDES, Venezuela's national development bank, was  sentenced today by a US District Judge in West Palm Beach to ten years in Federal Prison on money laundering charges. He admitted to accepting $1bn in bribes, much of which has been laundered through South Florida real estate.

His Plea Agreement can be accessed  here.


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