'Iron Man' of Maduro Changes Plea and Pleads Guilty to Money Laundering in the US
Journalist graduated from the Federal University of Mato Grosso, with a specialization in economic journalism from Fundação Getulio Vargas. Worked at O Estado de S. Paulo newspaper. She is a reporter for Oeste in São Paulo.
TL;DR
- Alex Saab, a Colombian businessman allegedly acting as Nicolás Maduro's frontman, pleaded guilty to conspiracy to launder money.
- The plea took place during a hearing in Miami.
- Saab agreed to cooperate with federal investigations.
- He also agreed to forfeit $195 million obtained from a corruption scheme.
- The scheme involved diverting funds from a Venezuelan social assistance program.
- The US had opened a second criminal case against Saab, who was arrested in Cape Verde and extradited.
- Saab was pardoned by Joe Biden in December 2023 during a prisoner exchange.