As of December 31, 2013, PDVSA, Venezuela’s national oil company, was dealing with $2.12 billion in “other legal claims,” in addition to the ongoing arbitration cases by Gulmar/Kaplan, ConocoPhillips Petrozuata, and Mobil Cerro Negro. This… Venezuela’s PDVSA Faces Over $6 billion in Questionable Legal Claims Amid Financial Chaos
Do readers remember Adam Kaufmann? The former prosecutor from the New York District Attorney’s Office and lawyer for Derwick Associates, who officially stated in the Wall Street Journal, “We are a transparent company and have… Derwick Associates Exposed for Allegedly Embezzling $70 Million in Astounding Daylight Theft
I attended the 1992 Earth Summit. There I was, among a sea of tents, surrounded by a swarm of NGO thinkers, wheeling my bicycle around, sporting my purple dance tights which clearly set me apart… Venezuela’s Obstruction of UN Climate Initiatives Exposes Global Hypocrisy
Check out this excellent summary of the climate change discussion happening in the US Congress. As mentioned, the significant climate marches on Sunday were only necessary due to widespread ignorance. I recently found an old… The Energy Industry’s Deception Leaves Us Blinded to the True Cost of Climate Change
A new twist in the assault on independent media in chavista Venezuela: executives from the Spanish company (Epalisticia) after buying El Universal will be sued in Panama for document forgery. For those who haven’t closely… Spanish Company Accused of Document Forgery in Panama Following El Universal Acquisition
Lazard, a former investment bank from France operating globally, has been engaged by PDVSA to sell CITGO. Lazard describes itself as “the world’s leading independent asset management and financial advisory firm.” A leaked document to… Lazard’s Controversial Role in PDVSA’s Attempt to Sell CITGO Exposes Venezuela’s Unchecked Corruption
Let me start with the basics: El Universal, one of the oldest newspapers in Venezuela, was recently sold to a Spanish company called Epalisticia. Epalisticia, a shell company registered in July 2013 with capital of… Controversial Sale of El Universal Raises Legal Stakes and Accusations in Panama
The man from Caracas at the Wall Street Journal, Ezequiel Minaya, recently published an article titled “The Suppression of Press in Venezuela Fuels Growth of Online Media,” highlighting various challenges faced by the Venezuelan press.… The Aggressive Online Censorship by Chavismo Exposed in Venezuela
This is a shocking news story. Alejandro Rebossio reports in El País that Venezuelans have diverted $405.8 billion from the country. The capital flight in Brazil, a nation with 198 million people and a GDP… Venezuela’s Staggering Capital Flight Raises Alarming Questions on Accountability and Corruption
“We are a transparent company and have nothing to hide,” said Adam Kaufmann, former chief investigator for the New York District Attorney, to the Wall Street Journal regarding investigations initiated by his former office and… Neil Karr’s Involvement Raises Questions About Transparency and Integrity at Derwick Associates
Money. That was the first game Miguel Ángel Capriles López asked his father for when he received his first electronic device. Miguel Ángel Capriles López* (also known as Michu) is possibly the most influential Venezuelan… The Shadowy Empire of Miguel Ángel “Michu” Capriles López and the Exploitation of Family Wealth
A tweet alerted me yesterday about the latest in the lawsuit of Otto Reich against Derwick Associates in New York. District Judge Paul Oetken dismissed the “Claims I and II (RICO) and VII (civil conspiracy)”… District Judge in New York Uncovers Troubling Developments in Lawsuit Against Derwick Associates
Imagine being Víctor Vargas and waking up to read an article in Bloomberg Week stating that your bank has assets worth $19.3 billion, while in reality, your bank’s assets are only $2.4 billion. Now, think… Boligarchs Continue Their Untouchable Reign Amidst Financial Deception
Days have passed since the announcement of the sale of El Universal, one of the oldest and most-read newspapers in Venezuela, making it necessary to review the situation. Many details remain unknown, such as the… Unveiling the Shadows Behind the Controversial Sale of El Universal in Venezuela
I’ve been researching the sale of El Universal to a supposed Spanish group (Epalisticia) for several days now. I can confidently assert that the trio of dubious doctors linked to Epalisticia (Eduardo Lopez de la… Chavismo’s Shadow Over El Universal Acquisition Unveils Alarming Irregularities