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FCPA Scorecard Blog

Foreign Corrupt Practices Act & Anti-Corruption

Former PDVSA procurement officer pleads guilty

International Anti-Money Laundering

On October 30, 2018, a Texas businessman, Ivan Alexis Guedez, who was a former procurement officer for PDVSA, pleaded guilty to conspiracy to launder the bribe payments he and his co-conspirators at PDVSA received for directing PDVSA business to a Miami-based supplier. The scheme involved false invoices, false e-mail addresses, and shell companies with a Swiss bank account.

For prior coverage of PDVSA actions, please see here.