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Director / Editor: Victor Teboul, Ph.D.
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Venezuela Pleads Guilty in US to Role in PDVSA Bribe Scheme

A former official at a Venezuelan state-run electric company pleaded guilty on Monday to U.S. charges that he participated in a scheme to solicit bribes in exchange for helping vendors win favorable treatment from state oil company PDVSA. Luis Carlos De Leon Perez, 42, pleaded guilty in federal court in Houston to conspiring to violate the Foreign Corrupt Practices Act and to conspiring to commit money laundering, the U.S. Justice Department said. He became the 12th person to plead...


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