Financial Crime Financial Crime

Ex-Venezuelan oil official pleads guilty in US to money laundering conspiracy, agrees to forfeit $49 million

By Robert Thomason
  • 15 Jul 2021 11:06
  • 15 Jul 2021 11:06
A former official of Venezuela's oil ministry pleaded guilty yesterday in a US court to conspiracy to launder money in a foreign exchange fraud scheme. He agreed to forfeit $49 million and Miami-area apartments as part of the plea.

Carmelo Antonio Urdaneta, the former legal counsel for the oil ministry, had been charged

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