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Former banker pleads guilty in U.S. to role in laundering embezzled PDVSA funds
Source: Reuters
U.S. AUGUST 22, 2018 / 3:40 PM / UPDATED 2 HOURS AGO
Former banker pleads guilty in U.S. to role in laundering embezzled PDVSA funds
Reuters Staff
1 MIN READ
(Reuters) - A former executive with Swiss bank Julius Baer pleaded guilty on Wednesday for his role in a billion-dollar scheme to launder money embezzled from the Venezuelan state-owned oil company PDVSA, the U.S. Justice Department said.
Matthias Krull, 44, a German national who is a former Julius Baer Panama vice chairman, pleaded guilty to one count of conspiracy to commit money laundering, the department said in a statement.
Reporting by Eric Beech in Washington
Former banker pleads guilty in U.S. to role in laundering embezzled PDVSA funds
Reuters Staff
1 MIN READ
(Reuters) - A former executive with Swiss bank Julius Baer pleaded guilty on Wednesday for his role in a billion-dollar scheme to launder money embezzled from the Venezuelan state-owned oil company PDVSA, the U.S. Justice Department said.
Matthias Krull, 44, a German national who is a former Julius Baer Panama vice chairman, pleaded guilty to one count of conspiracy to commit money laundering, the department said in a statement.
Reporting by Eric Beech in Washington
https://www.reuters.com/article/us-usa-venezuela-pdvsa/former-banker-pleads-guilty-in-u-s-to-role-in-laundering-embezzled-pdvsa-funds-idUSKCN1L723F