Everyone involved with this site has been following Venezuelan politics for two to four decades, some even since the time Romulo Betancourt imposed his doctrine of non-alignment with dictatorships. Chavismo turned Venezuela into what Betancourt despised, but it did so in ways that nobody could foresee. It isn't about Hugo Chavez volunteering to become a pawn of Fidel Castro, surrendering Venezuela's sovereignty and matters of strategic and national security to the impoverished Cuban dictatorship.

THE COUNCIL OF THE EUROPEAN UNION published the following yesterday:

Imagine the world's largest money laundering jurisdiction (Switzerland) issuing an arrest warrant for a money launderer. That is exactly what is happening to Alejandro Betancourt. The reason? His direct involvement in a scheme to loot $4+ billion out of PDVSA. He didn’t do it alone, of course. His associates from Derwick were there. Luis and Ignacio Oberto Anselmi "structured" the deal.

[UPDATED 05/12/2025] - Sources in Spain reported yesterday that Alejandro Betancourt was arrested by British police in London and released on bail.