Venezuela's Corruption Exposed

Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time. Visiting media looking for a quick run down on Venezuela's gargantuan corruption, have the decency to at least cite the source when plagiarising this site's content without attribution (exhibit Reuters here and here, exhibit Bloomberg here, exhibit OCCRP here). To all readers, do the right thing, the honest thing: support independent investigative journalism, help us expose rampant corruption. Note added 28/06/2021: impostors are using this site's former editor's full name, and a fake email address (alek.boyd.arregui@gmail.com) to send copyright infringement claims / take down requests to web hosting companies (exhibit Hostgator). The attempt is yet another effort paid by corrupt thugs to erase information about their criminal activities. Infodio.com has no issues with other websites / journalists using / posting information published here, so long as the source is properly cited.

May 2018

Why is DoJ not taking over PDVSA US Litigation Trust's case?

5 years ago By Alek Boyd

The Department of Justice should activate established cooperation channels with the Swiss, and make sure that evidence of rampant corruption related to this case cements other ongoing probes. DoJ should exploit the opportunity presented by Boies' decision to get in bed with the likes of Wilmer Ruperti. It is a gift. The actionable intelligence that could be gotten, put to good use, can help remediate one of the hemisphere's worst humanitarian and political crises.

[UPDATED] PDVSA US Litigation Trust: More on ALGAMEX, David L. Evans, Carlos Spinelli Noseda, Bill Duker & David Boies

5 years ago By Alek Boyd

Long live PACER! Now we know who will speak on behalf of ALGAMEX, the non-descript shell that is meant to be funding the litigation "launched" by PDVSA against some of the world's largest trading companies: David L. Evans.

Derwick bribes keep flowing into Venezuela's oil & gas
Alek Boyd Thu, 05/24/2018 - 10:48

There's been a few developments in Venezuela's oil sector that have gone under the radar. One of them is related to one of Derwick Associates: Francisco D'Agostino. The other involves Petrozamora, the PDVSA - Gazprombank joint venture where Derwick Oil & Gas is a partner.

Diosdado Cabello sanctioned by U.S. Treasury: how about his American proxies?
Alek Boyd Sat, 05/19/2018 - 08:00

The U.S. Treasury Department finally sanctioned Diosdado Cabello, chavismo's most powerful man. Two of Cabello's proxies have also been sanctioned: Rafael Sarria and Pedro Luis Martin.

Payback Wilmer Ruperti's style

5 years ago By Alek Boyd

There's something rotten about PDVSA US Litigation Trust's legal adventures. If complaint filed by David Boies in a Florida court is to be believed, PDVSA entered into an agreement in July 2017 with Boies' law firm, tasked with suing 49 co-conspirators (Morillo, Baquero, Helsinge, Trafigura et al) in a fraud scheme said to have cost over $5 billion. The Engagement Letter, that set the conditions governing the parties' division of (possible) proceeds, remains hidden.

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