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That Conoco lawsuit against PDVSA US Litigation Trust must have a lot of folks quite nervous. There are inaccuracies in particulars of claim, like the ultimate parent of Algamex in Isle of Man, or who exactly is behind the Trust.
Great news this AM: ConocoPhillips has sued PDVSA US Litigation Trust in New York. Only through this sort of litigation in the US can Venezuelans peek into the gargantuan corruption in PDVSA.
Remember that beautiful sailing boat owned by Bill Duker? It's called Sybaris.
The U.S. Department of Justice’s has subpoenaed Glencore, requesting transaction records in Venezuela since 2007. Glencore operations in Venezuela should really start with a “Who is Roberto Wellisch?” In his native Argentina, what Wellisch does for a living is called coimas-gate, a Glencore specialty.
David Boies not only acts as PDVSA US Litigation Trust counsel. According to three people familiar with the case, aside from legal fees, Boies is to get 22% of the 66% gifted by PDVSA.
David Boies, über lawyer, has been caught "cagando y sin papel". Worse still, his Florida action is being shut down by Venezuela's dictator Nicolas Maduro.
David Boies legal career has been referred, almost unanimously, as that of a very successful professional, a superstar lawyer with an exceptional attention to detail who has gotten a choice of cases that have catapulted him, and his firm, to the very top
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