Former banker pleads guilty to role in laundering embezzled Venezuelan funds
A former executive with Swiss bank Julius Baer pleaded guilty on Wednesday for his role in a billion-dollar scheme to launder money embezzled from the Venezuelan state-owned oil company PDVSA, the US Justice Department said. A Sliema-based private wealth management firm, Portmann Capital Management is being investigated for its role, allegedly helping to launder $1.2 billion in funds looted from Venezuela’s State fuel company. The story hit the international headlines in recent weeks after a criminal complaint... Читать дальше...