Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

US Clears Extradited Ally Of Venezuela's Maduro On 7 Money Laundering Counts

US Clears Extradited Ally Of Venezuela's Maduro On 7 Money Laundering Counts

A US judge on Monday dismissed seven of eight money laundering charges against Alex Saab, a businessman close to the regime of Venezuela's Nicolas Maduro who was extradited to the US and was on trial in Miami.
A US judge on Monday dismissed seven of eight money laundering charges against Alex Saab, a businessman close to the regime of Venezuela's Nicolas Maduro, a court filing showed.

On trial in Miami, Florida following his extradition from Cape Verde earlier this month, the Colombian businessman still faces one count of conspiracy to commit money laundering, which could carry a 20-year jail term.

Judge Robert Scola of the Southern District of Florida signed the order at the request of the prosecution.

On September 7, 2020, during the extradition process, the United States "sent an assurance" to Cape Verde that it would not "prosecute or punish defendant Alex Nain Saab for more than a single count of the indictment," the prosecution said in its request to Scola.

The decision was made "in order to comply with Cabo Verdean law regarding the maximum term of imprisonment," the request said.

Saab, a Colombian national, and his business partner Alvaro Pulido are charged in the United States with running a network that exploited food aid destined for Venezuela, an oil-rich nation mired in an acute economic crisis.

They are alleged to have moved $350 million out of Venezuela into accounts they controlled in the United States and other countries.

Saab, who also has Venezuelan nationality and a Venezuelan diplomatic passport, was indicted in July 2019 in Miami for money laundering, and was arrested during a plane stopover in Cape Verde off the coast of West Africa in June 2020.

He was extradited to the United States on October 17.

Venezuela's opposition has described Saab as a frontman doing shady dealings for the populist socialist regime of Maduro.

The prosecution said that the dismissal of charges only affects Saab, not Pulido.

The accused was due to appear before Scola on Monday to attend the arraignment and plead guilty or not guilty.

But the hearing was postponed until November 15 to allow Saab to meet for the first time in person with his lawyer, Henry Bell.

That meeting has not yet taken place because Saab was quarantined upon his arrival in Miami as a precautionary measure due to the Covid-19 pandemic.

Venezuela reacted furiously to Saab's extradition, suspending talks with the US-backed opposition on ending the country's political and economic crisis.

Maduro's government, which gave the Colombian Venezuelan nationality and an ambassadorial title, fought unsuccessfully to prevent his transfer to the United States.

Caracas also accused Washington of abducting the businessman, and Maduro ordered the suspension of the government's negotiations with the opposition in Mexico.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Putin Celebrates ‘Unprecedentedly High’ Ties with China as Gazprom Seals Power of Siberia-2 Deal
China Unveils New Weapons in Grand Military Parade as Xi Hosts Putin and Kim
Rapper Cardi B Cleared of Liability in Los Angeles Civil Assault Trial
Google Avoids Break-Up in U.S. Antitrust Case as Stocks Rise
Couple celebrates 80th wedding anniversary at assisted living facility in Lancaster
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
"Insulted the Prophet Muhammad": Woman Burned Alive by Angry Mob in Niger State, Nigeria
Trump Responds to Death Rumors – Announces 'Missile City'
Druzhba Pipeline Incident Sparks Geopolitical Tensions
Cost of Opposition Leader Péter Magyar's Economic Plan Revealed
Germany in Turmoil: Ukrainian Teenage Girl Pushed to Death by Illegal Iraqi Migrant
United Krack down on human rights: Graham Linehan Arrested at Heathrow Over Three X Posts, Hospitalised, Released on Bail with Posting Ban
Asian and Middle Eastern Investors Avoid US Markets
Ray Dalio Warns of US Shift to Autocracy
Eurozone Inflation Rises to 2.1% in August
Russia and China Sign New Gas Pipeline Deal
Von der Leyen's Plane Hit by Suspected Russian GPS Interference in an Incident Believed to Be Caused by Russia or by Pro-Peace or by Anti-Corruption European Activists
China's Robotics Industry Fuels Export Surge
Suntory Chairman Resigns After Police Probe
Gold Price Hits New All-Time Record
UK Fintechs Explore Buying US Banks
Greece Suspends 5% of Schools as Birth Rate Drops
Apollo to Launch $5 Billion Sports Investment Vehicle
Bolsonaro Trial Nears Close Amid US-Brazil Tension
European Banks Push for Lower Cross-Border Barriers
Poland's Offshore Wind Sector Attracts Investors
Budapest Central European Fashion Week Kicks Off
U.S. Celebrates Labor Day
Hungarian National Team Captain Scores Epic Goal
EU is getting aggressive: Four AfD Candidates Die Unexpectedly Ahead of North Rhine-Westphalia Local Elections
Japanese Customer Sways from VW to BYD after “Unbelievable” Test Drive amid Dealership Expansion
Nestlé Removes CEO Laurent Freixe Following Undisclosed Relationship with Subordinate
Pickles are the latest craze among Generation Z in the United States.
Giuliani Seriously Injured in Accident – Trump to Award Him the Presidential Medal of Freedom
Deadline Day Delivers Record £125m Isak Move and Donnarumma to City
Nvidia Reveals: Two Mystery Customers Account for About 40% of Revenue
Woody Allen: "I Would Be Happy to Direct Trump Again in a Film"
Lula and Putin Hold Strategic BRICS Discussions Ahead of Trump–Putin Summit
White House Eyes Budapest for Peace Talks
Cave Diving Beneath the Streets of Budapest
Another American Restaurant Chain Opens in Budapest
Hungarian Opposition Politician Supports Ukrainian Commander
Opposition Leader Threatens Media Outlets
American Airlines Adds New Flights to Budapest
F1 Hungarian Grand Prix Wraps Up
WhatsApp is rolling out a feature that looks a lot like Telegram.
U.S. Trade Representative says Washington still negotiating trade deals after court rules tariffs illegal
Von der Leyen says Europe drawing up 'precise' plans to send troops to Ukraine
Kremlin accuses Europe of hindering Trump’s peace efforts in Ukraine
×