Alex Saab, Maduro’s Front Man, Pleads Guilty to Money Laundering
Alex Saab, a Colombian businessman considered one of the main front men and financial operators for former Venezuelan President Nicolas Maduro, pleaded guilty to money laundering before a federal court in Miami as part of an agreement reached with the U.S. Attorney’s Office. The development brings an end to years of legal battles and opens […]
Alex Saab, once considered a key front man for the Venezuelan government under Nicolás Maduro, has changed his stance in a U.S. federal court. After initially denying the charges, Saab has now pleaded guilty to money laundering. This shift in his legal position comes after a lengthy legal battle and his transfer to the United States last May.
As part of a plea deal with U.S. prosecutors, Saab must admit guilt to a related charge and cooperate with ongoing investigations. In exchange, the agreement allows for the forfeiture of approximately US$195 million, believed to be illicit funds. This development opens the possibility of Saab becoming a witness in the ongoing trial against Maduro and his wife, set to take place in 2027.
Written by urgent.news from Colombia One's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- Maduro ally Alex Saab pleads guilty in federal money laundering case winnipegfreepress.com
- Maduro ally Alex Saab pleads guilty in US money-laundering case english.elpais.com
- Alex Saab, ally of Venezuela's Maduro, pleads guilty in US corruption case hindustantimes.com
