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 INFODIO's former editor's full name, and a fake email address (alek.boyd.arregui at 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. has no issues with other websites / journalists using / posting information published here, so long as the source is properly cited.

May 2014

What's the story between Ignacio Arcaya & Victor Vargas?

Last week I posted about latest filings in Otto Reich's RICO lawsuit against Derwick Associates. It presents quite an unexpected and interesting twist to the corruption saga: one of the defendants, Francisco D'Agostino, allegedly offered information on the other two defendants (Alejandro Betancourt and Pedro Trebbau) to Reich in "exchange for his dismissal" from the lawsuit. No honour among thieves, right?

MUD & Boligarchs

The other day we found out -thanks Roberta- that representatives of the umbrella group opposing chavismo in Venezuela had been asking the U.S. State Department to NOT impose sanctions on individuals responsible for atrocious human rights violations. Roberta's faux pas was, in my opinion and contrary to conventional wisdom, a calculated move. It was a clear message from the State Department intended to expose turncoat Venezuelan politicos that love to pretend one thing in public, and then get in bed with utterly corrupt cronies of chavismo.

Otto Reich's RICO lawsuit against Derwick exposes Victor Vargas Alek Boyd Mon, 05/12/2014 - 12:29

Lawyers for Otto Reich in the RICO lawsuit against Derwick Associates (Alejandro Betancourt, Pedro Trebbau and Francisco D'Agostino) claim in latest filing (page 7 below) that D'Agostino (in turn son in law of Bolivarian banker Víctor Vargas of Banco Occidental de Descuento fame) "in exchange for his dismissal from this lawsuit, offered to provide information to Ambassador Reich that would be damning to Betancourt and Trebbau."

Tony Caplin: fraudster

Reports from the Daily Mail about Tony Caplin (aka Anthony Caplin), the bankrupt crony of UK's Prime Minister David Cameron's father who was put in charge of a £60-billion-budget quango, raised a few alarms in London. The man himself was immediately sacked from his role in charge of the Public Works Loans Board (PWLB), described by the Daily Mail as a "Treasury body responsible for £60 billion worth of loans for infrastructure projects including homes, schools, hospitals, rail and roads".