Aug. 14, 2020
Beat of the Week
AP reveals investigation into Venezuelan officials’ money laundering
used deep source reporting to uncover an international investigation into how the former treasurer of Venezuela, who had once served as nurse to then-President Hugo Chávez, used a network of offshore shell companies and dodgy Swiss bankers to loot millions from Venezuela, hiding much of her unexplained wealth in gold.
Goodman’s piece provided a rare look into how former officials in Venezuela used various money laundering schemes to raid the country’s coffers of an estimated $300 billion in two decades of socialist rule. An unexpected twist was the physical transfer of heavy gold bars — previously unmentioned in court records — underscoring the lengths to which some prominent Venezuelans have gone to hide stolen wealth. https://bit.ly/2PMX2iI