P.R. Bank CEO Pleads Guilty in Fraud, Venezuela Sanctions Case

Posted 3/20/26

The former chief executive of Puerto Rico’s Nodus International Bank, pleaded guilty to conspiracy to commit wire fraud and conspiracy to violate the International Emergency Economic Powers Act, admitting his role in a scheme that prosecutors said drained at least $24.9 million from the bank and included a prohibited transaction involving a Venezuela-related sanctioned person.

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