March 23, 2026

Ex-Puerto Rico bank CEO pleads guilty to $24.9M fraud, Venezuela sanctions evasion

Trial

The former chief executive officer of a Puerto Rican international bank pleaded guilty Thursday to leading a scheme that fraudulently obtained at least $24.9 million from the institution and to conspiring to evade U.S. sanctions tied to Venezuela's state-owned oil company, the Justice Department announced.

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