A former Swiss banker has been sentenced to 10 years in
prison for his role in a plot to launder $1.2 billion (CHF1.2 billion) from
Venezuela's state-owned oil company. The case also implicates President Nicolas
Maduro's stepsons. The former Julius Baer banker, Matthias Krull, was sentenced
on Monday in federal court in Miami, where he pleaded guilty on August 22. He
admitted joining a network of money launderers that used real estate and false-investment
schemes to hide funds taken from Petroleos de Venezuela S.A. More… 
Tuesday, October 30, 2018
Former Swiss banker sentenced for money laundering in Venezuela
A former Swiss banker has been sentenced to 10 years in
prison for his role in a plot to launder $1.2 billion (CHF1.2 billion) from
Venezuela's state-owned oil company. The case also implicates President Nicolas
Maduro's stepsons. The former Julius Baer banker, Matthias Krull, was sentenced
on Monday in federal court in Miami, where he pleaded guilty on August 22. He
admitted joining a network of money launderers that used real estate and false-investment
schemes to hide funds taken from Petroleos de Venezuela S.A. More… 
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