FORMER SWISS BANK EXECUTIVE PLEADS GUILTY TO ROLE IN BILLION-DOLLAR INTERNATIONAL MONEY LAUNDERING SCHEME INVOLVING FUNDS EMBEZZLED FROM VENEZUELAN STATE-OWNED OIL COMPANY

A news release from US DoJ reported that the former managing director and vice chairman of a Swiss bank has pleaded guilty for his role in a billion-dollar international scheme to launder funds embezzled from PDVSA.  Matthias Krull, 44, a German national and Panamanian resident, pleaded guilty to 1 count of conspiracy to commit money laundering.

https://www.justice.gov/opa/pr/former-swiss-bank-executive-pleads-guilty-role-billion-dollar-international-money-laundering?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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