Miami Prosecutors Throw The Book At Money Launderer For Venezuela

Miami FL

21 March, 2021

4:28 PM

Description

CBS Miami March 21, 2021 Federal prosecutors in Miami are seeking a stiff prison sentence against a U.S.-based money manager they claim is hindering their efforts to seize a $2.7 million home and other assets he agreed to forfeit when he pleaded guilty to laundering bribe payments for a corrupt Venezuelan official. Colombian-born Gustavo Hernandez Frieri pleaded guilty in 2019 to a single count of conspiring to launder money for his role in a $1.2 billion embezzlement scheme involving Venezuela's state-run oil giant PDVSA. As part of his plea deal, Hernandez Frieri agreed to assist prosecutors in the forfeiture of assets and proceeds from the scheme. Read more at CBS Miami