Abraham Edgardo Ortega, former executive director of financial planning at Petroleos de Venezuela, S.A. (PDVSA), pleaded guilty to conspiracy to commit money laundering. Ortega, a Venezuelan national, admitted to accepting $5 million in bribes in order to favor a Russian bank and a French company in loan transactions. Ortega also admitted to accepting bribes totaling $12 million in an embezzlement scheme, and to laundering the money through a complicated false-investment scheme.
October 31, 2018
Venezuelan national pleads guilty to money laundering in connection with Petroleos de Venezuela bribery case
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