How millions of ‘dirty dollars’ were laundered out of Venezuela

Former German banker Matthias Krull is expected to hand himself in to the Miami Detention Center on April 29 to begin serving 10 years in prison.

Krull was sentenced to prison last October, after pleading guilty to participating in a scheme to launder dirty money from Venezuela through several countries, including the USA.

Seven other people were indicted with Krull in August 2018, including “former officials, professional third-party money launderers and members of the Venezuelan elite.”

But what does a German national, who lived in Panama and was employed by Swiss bank Julius Bär, have to do with such a scheme?

Die Zeit journalist Ingo Malcher met Krull in Florida in January and published an exhaustive article about the case.

Speaking to DW, he explained that Krull was just one piece of a much bigger puzzle, which revolves around Venezuela’s state oil company PDVSA – Petróleos de Venezuela, S.A. – the country’s main source of

... read more at: https://www.dw.com/en/how-millions-of-dirty-dollars-were-laundered-out-of-venezuela/a-47867313

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