The message from the Bloomberg reporter read: «Hi, I’m a reporter doing something on Derwick. Can I give you a call to ask a couple of questions?» By this point, it’s clear that emails and… Bloomberg’s Disturbing Obfuscation of Venezuelan Corruption in Derwick Scandal
Francisco Illarramendi is currently appealing his 13-year sentence for securities fraud linked to the pension fund of Venezuela’s state oil company, Petroleos de Venezuela SA. In January, he filed an interesting document in the federal… Unmasking the Illarramendi Saga: The Oil Scandal That Rocked Venezuela – Is He a Victim or a Villain?
Everyhistorical event has a defining moment. I propose that Hugo Chavez’spolitical career didn’t start with the coup d’état,but rather with that interview in which he addressed the nationand uttered the famous “for now.” That brief… Chavismo Faces Reckoning as US Targets Corruption and Human Rights Violations
[UPDATED*] Earlier this week,El Mundo, a prominent Spanish newspaper, disclosed that six Venezuelans are under investigation by Spain’s Anti Money Laundering squad (SEPBLAC) for money laundering activities. This revelation follows a notice from the U.S.… Derwick Associates’ Corruption Exposed in Venezuela’s Contract Scandal
Who can we trust regarding the $50 million bribes in Venezuela? Should we believe Nervis Villalobos? Here’s what he told our website in 2013: Nervis Villalobos, a former deputy minister of energy in Venezuela, refutes… Scandals Unleashed: $50 Million Bribe Allegations Rock Venezuela—Can We Trust Nervis Villalobos or El Mundo?
I’ve rarely come across a news article as shocking as this piece in El Mundo. I will translate the essential parts; however, if you can manage a bit of Spanish, I recommend checking it out… Chavista Elite Exposed in Spanish Money Laundering Scandal Linked to Massive Corruption
Citgo Petroleum, a US refining arm of Venezuela’s state-owned PDVSA, significantly increased its lobbying efforts in 2014. According to data from OpenSecrets.org, Citgo spent $2.16 million on lobbying in Washington, a staggering five-fold rise compared… Citgo’s Lobbying Tactics Reveal Unethical Ties to Washington’s Power Brokers
A document leaked online in November raises concerns about whether multinational corporations did everything possible—and what they were legally obligated to do—to avoid potential corruption within Venezuela’s electricity sector. This document comprises a series of… Pratt & Whitney’s Role in Venezuela’s Corruption Raises Serious Accountability Concerns
A tweet by the Devil pointed me to this interesting WSJ article. It mentions that Goldman Sachs, through an entity named “Oak Finance Luxembourg SA,” lent $835 million to Banco Espírito Santo just weeks prior… Goldman Sachs’ Deceptive Maneuver to Shift Pdvsa Debt Exposed as Portuguese Taxpayers Face Financial Fallout
Reuters reported yesterday: Venezuela’s state-owned oil company PDVSA is leveraging the sale of its Citgo Petroleum Corp refining assets to obstruct ConocoPhillips from obtaining a pending arbitration award, as stated by the U.S. oil firm… ConocoPhillips Accuses PDVSA of Manipulating Citgo Sale to Evade Financial Liabilities
In a decision that surprised few, a tribunal at the World Court’s International Centre for the Settlement of Investment Disputes ruled that Venezuela is responsible for expropriating ExxonMobil’s Cerro Negro heavy oil project, along with… Venezuela’s Debt to ExxonMobil Signals Ongoing Economic Mismanagement and Legal Failures
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
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