American Military News April 29, 2020 Jay Weaver - Miami Herald and Antonio Maria Delgado - El Nuevo Herald
Miami feds seize $450 million cash, condos, horses in Venezuelan corruption cases
Since targeting Venezuelan corruption in 2017, South Florida federal authorities have seized $450 million in bank accounts — luxury properties, show horses, high-end watches and a super-yacht — that belonged to more than a dozen government officials and business people in Venezuela, all charged with laundering billions of dollars into the United States, Switzerland and other countries.
The biggest catch of them all: Alejandro Andrade, Venezuela’s former national treasurer. He wrote several checks totaling $250 million to the U.S. government last fall, after the money had been transferred from his Swiss bank account to his defense attorneys in Miami. That payment was counted towards a $1 billion forfeiture judgment against him, federal authorities told the Miami Herald.
Andrade, who is serving a 10-year prison sentence for money laundering, also lost the following in federal seizures: six South Florida real estate properties, including a Wellington horse farm; a waterfront Palm Beach residence and a Pinecrest estate ($33 million); as well as 14 show-jumping horses ($2 million), 35 designer watches ($1.5 million) and a fleet of 10 exotic foreign cars ($1 million), according to authorities.
More:
https://americanmilitarynews.com/2020/04/miami-feds-seize-450-million-cash-condos-horses-in-venezuelan-corruption-cases/
