The former minister of industry for Venezuelan leader Nicolás Maduro’s regime pleaded guilty on Tuesday to a global money laundering conspiracy that skimmed millions from a Venezuelan public welfare program.
According to a Department of Justice (DOJ) news release, Alex Saab, 54, who was extradited from Venezuela in May and charged days later, conducted a decade-long scheme that defrauded a Venezuelan welfare program for food and medicine, netting hundreds of millions of dollars for himself and associates.
Saab, a Colombian businessman, pleaded guilty to conspiracy to launder monetary instruments before federal district Judge Kathleen Williams in Miami. He faces a maximum sentence of 20 years….