Former Venezuelan state-owned oil company procurement officer pleads guilty

Financial Crimes Anti-Money Laundering

On October 30, a Texas businessman, 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 the company's actions, please see here.