Tuesday, October 30, 2018

Former Swiss Banker Set Sail

Ah, Halloween with it's Hunter Moon has dry docked a former Swiss Banker, yes you heard that right.  The former managing director and vice chairman of a Swiss bank was sentenced to 10 years in prison today, after previously pleading guilty for his role in a billion-dollar international scheme to launder funds embezzled from Venezuelan state-owned oil company Petróleos de Venezuela, S.A. (PDVSA).

Matthias Krull, 44, a German national and Panamanian resident, pleaded guilty to one count of conspiracy to commit money laundering, on Aug. 22. U.S. District Judge Cecilia M. Altonaga of the Southern District of Florida sentenced Krull to serve 120 months in prison, to be followed by three years of supervised release.  Judge Altonaga also ordered Krull to pay a fine in the amount of $50,000 and a forfeiture money judgment of $600,000.

This investigation is going deep from HSI (Homeland Security Investigation) around the world today into money laundering.   Not only did Krull plead guilty but he flip his crew!  Krull’s co-conspirators indicted on Aug. 16, include former PDVSA officials, professional third-party money launderers and members of the Venezuelan elite, sometimes known as “boliburgués.”

The investigation was conducted by HSI Miami, HSI London, HSI Rome and HSI Madrid.  This case is being prosecuted by Assistant Chief David Johnson and Trial Attorney Gwendolyn A. Stamper of the Criminal Division’s Fraud Section and Assistant U.S. Attorney Michael Nadler of the Economic and Environmental Crimes Section of the Southern District of Florida.  Assistant U.S. Attorney Nalina Sombuntham of the Southern District of Florida is handling the asset forfeiture. (Full article from DOJ)

Little by little the Banking cartel are being steered towards dry dock if they don't change their course.

Time now for the Spin Doctor, this little score is titled 'Foggy Beginnings'

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