Wednesday, March 27, 2013

OKKE ORNSTEIN ACCUSED OF MOLESTING 11 & 12 YEAR OLD INDIAN GIRLS IN PANAMA |


OKKE ORNSTEIN SON OF HARALD ORNSTEIN & ANNE KE VAN OOIJEN WHO ARE THE OWNERS OF BANANAMA REPUBLIC - A SMUT BLOG IN THE NETHERLANDS, HAS RECENTLY BEEN ACCUSED OF MOLESTING YOUNG INDIAN GIRLS |

Okke Ornstein Van Ooijen who sometimes uses the alias of Okke Van Ooijen and who was convicted and sentenced on two separate accounts of fraud related criminal offences in the Republic of Panama to 2 years in prison is now in more deep water without the use of paddles. Recently reported that Ornstein has been taking photographs withour permission of young nude Indian children and touching them in an inappropriate and indecent manner.

This is not a new matter of Okke Ornstein who has a long history of sexual related problems and issues with young girls as over 12 years ago Ornstein fled the Netherlands just a few steps ahead of Police who were investigating Ornstein in Child Pornography Movies that he was accused of being invovled with.

Okke Ornstein is the notorious partner of fraud scammer Marc Harris who was also sent to prison in the USA for multiple frauds and Money Laundering offences that were actually master minded by Okke Ornstein. However, when Harris refuse to pay Ornstein any further blackmail money; Ornstein begged for immunity from USA Law Enforcement and became the "snitch" who fabricated to the courts his verison of the massive fraud on elderly pensioners perpetrated in fact by Okke Ornstein.


In the past 10 years Courts in the Republic of Panama have convicted Okke Ornstein on various counts of criminal acts and ordered the closure and burial of the folloowing web sites of Ornstein such as;

WWW.PARAGUASBOOKS.COM
WWW.ORNSTEIN.ORG
WWW.NORIEGAVILLE.COM 

(Just type in Noriegaville News on Google)

At present Okke Ornstein is facing numerous other criminal charges including the attacks on an elderly pensioner by fabricating stories about being a pedophile. Okke Ornstein has a phoebia about pedophiles and it well maybe becasue he is himself a Pedophile or he was abused as child by his parents.

Okke Ornstein is a Cyber Stalker and a Blackmailer; however, Ornstein fantasizes himself as a journalist, but without any bona fide or legitimate credentials.

If anyone ahs any information leading to the conviction and sentencing of Okke Ornstein in the Child Molestation complains; kindly contact WANTED SA.

For Confidential Contact:
WASHINGTON, D.C.    1.202.787.3861 -
TOLL FREE FROM USA & CANADA:   1.888.255.1533 -
LONDON CENTRAL, UNITED KINGDOM (44) 207.993.6256 -
Or e-mail us:
tips@wantedsa.com
legal@wantedsa.com
comments@wantedsa.com


Sunday, March 24, 2013

Okke Ornstein Convicted & Sentenced To 20 Months In Prison | Monte Friesner Crime Journal |

FROM THE - JOURNALS of Monte Friesner Criminal & Intelligence Analyst and Consulaire for WANTED SA
Contributed & Written by Kenneth Rijock ~

 

DUTCH FRAUDSTER OKKE ORNSTEIN SENTENCED TO 20 MONTHS BY PANAMANIAN JUDGE


Fraudster Okke Ornstein, also known as Okke Van Ooijen, was sentenced this week, by a judge in Panama City, to serve twenty months in Panama's notorious la Joya Prison, after being convicted on a number of white-collar counts last Fall. The Criminal Court of the First Judicial Circuit disregarded the option to impose a fine, and condemned him to prison.
 
There are reportedly eight other criminal cases pending against the Dutch National, who purports to be a journalist, as a number of his victims have brought charges against him in recent years.

Ornstein, believed by many in Panama to be a serial blackmailer, avoided a long US prison sentence for serving as general manager of the criminal enterprise run in Panama City by convicted Ponzi schemer and money launderer Marc Harris, the self-styled offshore specialist, by cooperating with American authorities.
 
He is known to have been the mastermind behind the Marc Harris Organization. Harris is presently serving a 17-year sentence in the Federal Detention Centre in Miami, and is due for release in 2018.
                                        Okke Ornstein & Marc Harris in Plane

He is reportedly a Confidential Informant for a US law enforcement agency in Panama, notwithstanding his operation of an online child pornography business, which has also been linked to his parents, Harald Ornstein and Anne Ke Van Ooijen.

One wonders about the wisdom of any government using such an individual as Ornstein as a source of reliable information.

He also operated an unlicensed mutual fund, the Tulip Fund*, which was the subject of a warning by the Panamanian Securities Commission, and which was linked to the Harris Organization.  It is not known whether he has been taken into custody at this time.

During the last few years Okke Ornstein has been found guilty of various Criminal Acts and was ordered by the courts to remove his Blackmail & Criminal Blogs; such as the following:

http://www.wantedsa.com/index.php?option=com_extrasearch&view=details&listing_id=53&Itemid=179&establename=articles

http://www.wantedsa.com/index.php?option=com_extrasearch&view=details&listing_id=717&Itemid=179&establename=articles

WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces  who have contributed to the many articles and their sincere opinions and statements.

WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.
_______________________________________________________________________
 

Marco Antonio Delgado - Accused Money Laundering Lawyer Blocked From Submission of Evidence

GOVERNMENT FILES MOTION IN LIMINE IN EL PASO MONEY LAUNDERING CASE AGAINST PROMINENT ATTORNEY

 
The United States Attorney's Office has filed a Motion in Limine* in the first of two pending money laundering cases pending against prominent El Paso attorney Marco Antonio Delgado.  In that case, it is alleged that Delgado was involved in laundering $600m for a Mexican Cartel. Whilst such motions are generally filed by defence counsel, to exclude prejudicial or inflammatory material, which could influence jury to rule against a defendant, in this case, here, it is the Government's motion. It must have grounds to believe that the defence intends to introduce such arguments.


The defendant, Marco Antonio Delgado, is reportedly an influential attorney; he was a trustee and financial benefactor at Carnegie Mellon University, of which he is a graduate, and he was involved in community matters in El Paso. The Government must have concerns that potential jurors could be sympathetic to the defendant, influenced by defence counsel, or even be moved to exhibit unfair prejudice against the Government, through artful, but improper, arguments or statements made by defence counsel during the trial.

The motion seeks to exclude:

(1) Any comments regarding a possible sentence, or other consequences faced by the defendant if convicted.
(2) Commenting to the jury that the defendant could receive a specific sentence, or jail time; that his freedom will be taken away; that the jury will be sending him to jail; that they will be taking him away from his family.
(3) Information that a government investigation against the defendant was opened, then later closed, and now reopened.
(4) Any mention of governmental misconduct, because such action must be so truly outrageous as to deny Due process, and prevent conviction on the defendant.
(5) Any inference of Selective Prosecution, whereby others were not arrested, or were given immunity from prosecution, for cooperating with the US Attorney in prosecution of others.

We will detail the response of Mr. Delgado's counsel, and the Court's subsequent ruling, as soon as they are filed. The defendant remains in pretrial confinement.


___________________________________________________________________________
*A Motion in Limine, rarely made, is always made in advance of trial, to exclude the use. for any purpose, of certain testimony at trial; it is generally made to avoid unfair prejudice to the defendant, should certain information be admitted into evidence. 

Tuesday, March 19, 2013

David Murcia Guzman Writes Biography About Ponzi Scandal In Panama

FROM THE - JOURNALS of Monte Friesner Criminal & Intelligence Analyst and Consulaire for WANTED SA ~
Contributed & Written by Kenneth Rijock ~

 

PONZI SCHEMER'S BOOK EXPOSES ORGANISED CRIME IN PANAMA

(This is another book)
David Eduardo Helmut Murcia Guzman, the twice-convicted Colombian billion dollar Ponzi schemer, is reportedly writing his autobiography, whilst he serves a long term of imprisonment in America. Though the manuscript, which he reportedly has smuggled out of the prison in installments, is not available, one of our reliable sources has indicated some of the important topics he is covering.

For obvious reasons, we have redacted the names of the criminals involved, leaving those disclosures for Sr. Murcia to make in his upcoming book. We call them the Monkey Mafia, the Pirates of Panama, and other unflattering names. I do not wish to disturb the sleep of Panama's criminal elite, but experienced Panama observers will certainly know who will shortly be losing a lot of sleep, worrying over whether they will be the subject of American indictments, for you can bet that all this information has already been given to US law enforcement, with whom Murcia is actively cooperating.


Here are his claims, all of which implicate the players for money laundering charges:

(1) A yacht sales company in Panama & Colombia received millions of dollars, in cash, from Murcia, and, according to Murcia, stole the money.

(2) Banks in Panama & Belize received millions of dollars for investment from Murcia, and did not give him documentary proof ; they later simply stole his money after his arrest and extradition to Colombia.


(3) A supermarket magnate in Panama received millions of dollars for investment; the money was later stolen.

(4) A Russian real estate group from Canada was given millions of dollars for laundering and subsequent investment; they purchased apartments and office buildings from a number of local builders, but kept the realty for themselves, spawning a number of "instant" Russian millionaires living in Panama.

(5) A real estate group in Panama, operated by an Brazilian with a penchant for fine clothing, laundered some of his millions through security firms and banks in Panama, and then absconded with his money.

(6) Murcia Guzman purchased a number of high-end luxury cars and motorcycles, but never received the titles for those vehicles.

(7) A security firm in Panama that allegedly was in partnership with one of the country's presidents, laundered the money through the purchase of office condominium units in Panama. The owner allegedly later attempted to launder $4m through an undercover law enforcement operative.

(8) Murcia invested millions in Contadora Island (Isla Contadora), for a large hotel, to be built through an Eastern European national who resided on the island. The European was reportedly a fugitive from justice on a murder warrant. Murcia lost his entire investment to the fraudster. Murcia also purchased villas and expensive lots on Contadora, but all the properties where stolen by Panamanian organised crime members.

Remember that Murcia was not just investing his own Ponzi scheme proceeds; he also invested a substantial amount of money for the Revolutionary Armed Forces of Colombia, the FARC, a designated global terrorist organisation, which raises issues of terrorist financing, as well as money laundering, amongst the recipients of Murcia's billions.

 There are many others who Murcia is including in his book, who stole his money. We will be covering these fraudsters, who are located in Panama, Colombia, New York, the State of Washington, and other jurisdictions, in additional articles to be published here; watch for them.
 
*   The book will be available for sale in March 2014, just two months before the national elections in Panama.

WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces  who have contributed to the many articles and their sincere opinions and statements.

WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.

Saturday, March 16, 2013

CRIMINALS WHO RECEIVE IMMUNITY AND/OR PARDONS ALLWAYS REMAIN CRIMINALS

 

BE CAREFUL WITH CLIENTS WHO ARE PARDONED OR RECEIVE IMMUNITY FROM PROSECUTION :


We often discuss the fact that criminal charges, filed in countries where the rule of law does not exist, filed for purely political purposes, should be disregarded, especially where INTERPOL has recognised such status. We rarely cover the flip side of corrupt use of the executive branch, the improper use of a pardon, for an obviously guilty party who presents an unacceptable risk.

No, I am not taking about those felons, who get a pardon from the departing US President, when he leaves office, but about those pardons issued to corrupt PEPs who are convicted of crimes, but never spend a night in jail before their instant pardons come through. A recent case in Nigeria reminded me that compliance officers, examining a PEP from the developing world, who shows you his presidential pardon as evidence of his good conduct, should not consider it as a personal reference.



Ask yourself this:

(1) Does the rule of law exist in his or her country ?

(2) Can one buy a pardon in the client's country ?

(3) Were the crimes egregious in nature ?

(4) Were there victims of the criminal activity he was convicted of ? Were they compensated ?

(5) Was the criminal conduct so serious that a pardon would not excuse it in your consideration of the client as a high risk ?



Do not accept any pardons proffered by a prospective client, unless they are from a country not known for systemic corruption.

Wednesday, March 13, 2013

CONFIDENTIAL INFORMANT COULD BE SPYING ON YOU NEXT DOOR | OKKE ORNSTEIN |

 

FROM THE - JOURNALS of Monte Friesner Criminal & Intelligence Analyst and Consulaire for WANTED SA ~

Contributed & Written by Kenneth Rijock ~

 

SEALED FILES INDICATE HIGH RISK, | REQUIRE ALTERNATE RESEARCH METHODS                            


Regular readers of this column will recall that last year I covered the "unusual" careers of certain individuals from a Colombian narcotics cartel who received immunity, in connection with plea agreements of their kingpins years ago, and who have now gone on to actually being government contractors. Their original Federal criminal cases were not only sealed, their names were removed from the indices, making it appear that they had never been arrested for trafficking.

Only when the immigration attorney for one of the former traffickers had part of the sealed file opened, so that he could copy pleading in connection with his client's US citizenship application, did I get a brief glimpse of the information. Any American compliance officer performing a criminal records check, accessing the PACER database, would assume he was clean.
Never rely solely upon official records checks, for law enforcement, from time to time, as when it feels the circumstances justify it, sought, and obtained, the sealing of files, which puts compliance at a district disadvantage. In state court in many jurisdictions, criminal files can also be sealed, expunged, redacted, or otherwise made unavailable to the public.

Also, remember that, prior to his or her arrest, Federal indictments are generally sealed by the Court, when the target is not yet in custody, lest he learn of the case, and flee to avoid prosecution.  All these exceptions to the free and open availability of criminal records deprives the compliance officer of needed intelligence. So, what to do ?

Even through arrests, and complete court files can be sealed, the mews media cannot be muzzled. Intelligent web searches, especially using online local newspaper archives, will often turn up arrests of individuals whose subsequent cooperation with the authorities, or undercover assistance, results in a grant of immunity, and the sealing of materials in his case. Drill down to find news reports of arrests, investigative stories of organised crime, and other mention of your target. Fugitive defendants' pending (but sealed) indictments may not be available, but articles about his criminal organisation may provide information about his activities.

What about the individuals who were his co defendants ? They didn't get immunity, and sometimes a reference to the targets' sealed case pops up in their files; you know who they are because they were also named in the news article detailing the arrests.

Never assume that an individual whom you are performing due diligence upon is clean and low-risk because you have not found any criminal files with his name on them. Have you checked the local official records database yet ? A mortgage given in connection with his initial bond in a criminal case might still be there, even if the file was sealed. Did the United States District Court satisfy the mortgage ? If so, it will be recorded to clear the title.

Another place to look is the emerging cottage industry that places "mug shots," arrest photographs, which one new sees all over the Internet, online, with some basic details.

A career criminal with no readily ascertainable conviction record is a clear and present danger to any bank that accepts his business. Ensure that he is not a wolf in sheep's clothing by an educated due diligence search, lest you miss something that they do not want you to find.

WANTED SA kindly thanks US Treasury, Kenneth Rijock, AFP, Reuters, BBC, Associated Press, DEA, FBI, ICE, Westlaw, Arutz Sheva, and all the Parties, Press, Journalists, Law Enforcement and Securities forces who have contributed to the many articles and their sincere opinions and statements.
 
WANTED SA states that the facts and opinions stated in this article are those of the author and not those of WANTED SA. We do not warrant the accuracy of any of the facts and opinions stated in this article nor do we endorse them or accept any form of responsibility for the articles.

Tuesday, March 12, 2013

FLORIAN HOMM (ALIAS COLIN TRAINOR) ARRESTED & COMING TO AMERICA TO STAND TRIAL |




FROM THE - JOURNALS of Monte Friesner – Criminal & Intelligence Analyst and Consulaire for WANTED SA  ~
Contributed & Written by Kenneth Rijock ~

 

ARREST OF FUGITIVE HEDGE FUND MANAGER MAKES PANAMA UNEASY ~


Florian Wilhelm Jurgen Homm, the fugitive hedge fund manager, on the run for years from a $200m securities fraud in California, was arrested in Italy, and will presumably be swiftly extradited to the United States, where he faces a very long prison term after conviction. When Homm was taken into custody, he had a Brazilian passport, and was using an alias. His travels throughout Central and South America were widely noted, including a substantial amount of time he spent in Venezuela, where he apparently was out of the reach of US law enforcement authorities.

 Homm has been charged with:

(1) Securities Fraud
(2) Conspiracy to Commit Securities Fraud
(3) Wire Fraud
(4) Conspiracy to commit Wire Fraud

It is alleged that, through his company, the Cayman Islands-based Absolute Capital Management Holdings Ltd., an advisor to at least nine hedge funds,  he engaged in "cross trading," pumping up the value of stocks through sales between entities he controlled. Investors reportedly lost $200m through his manipulation of share prices, and Homm and his associates allegedly took $53m in illegal profits.

I am sure that certain businessmen in the Republic of Panama are probably wondering whether they should quietly wind up their financial affairs, and prepare to move to a country that does not extradite to the United States, as Homm had dealings with a number of prominent individuals in Panama. Should he decide to render what is known as "Substantial Assistance" to the United States Department of Justice, to obtain a shorter sentence, his first-hand knowledge of the darker side of Panamanian finance, and politics, could result in the filing of criminal charges against a number of individuals at the highest level of finance.




Wednesday, March 6, 2013

SYRIAN ORGANIZED CRIME MAFIA DEFRAUDS VENEZUELA NATIONAL LIVING IN MIAMI

VICTIM OF $100m VENEZUELAN FRAUD SEEKS RELIEF IN MIAMI COURT

The plaintiff, Mr. Vasquez
If you follow corruption cases, you are probably aware of the Federal criminal case*, from Miami, of Rafael Ramos de la Rosa, the Venezuelan government official who attempted to extort $2m from Tomas Vásquez, a Venezuelan exile living in Miami, whose Caracas brokerage business, UnoValores, was threatened with liquidation if he did not bribe a senior Venezuelan government regulator.

Ramos was arrested in 2010, and later convicted, in US District Court, of Extortion and money laundering, and was sentenced to 27 months for his crimes. He apparently cooperated with US authorities, and was released in 2012. The story behind the extortion, now being played out in a hard-fought civil suit, in Miami-Dade County Circuit Court, serves as a reminder of the mandatory nature of due diligence. Bankers should periodically review their client files, for information that surfaces after a client has been taken on board may turn what you though was a low-risk client into an unacceptable high-risk.

Tomás Vazquez, the intended victim of the extortion, had an even bigger problem.; one of his trusted employees, company Vice President Leonor Sarmiento Camperos, had allegedly embezzled the equivalent of millions of dollars from his brokerage firm, and wired the money to a cohort, Moisés Wahnon Maman. much of this illicit money ended up in Miami, Florida. Sarmiento herself later moved to Miami. Both parties then became involved in the ownership or control of a number of local businesses.

Mr. Vazquez later brought a civil action*** against Wahnon, Sarmiento, and Ramos, in state court in Miami, for:

Conversion
Civil Theft
Fraudulent Misrepresentation
Fraudulent Concealment
Constructive Fraud
Conspiracy to Commit Fraud
Breach of Contract

Plaintiff's counsel, a Washington DC and a Miami law firm, seeks  restitution of the money stolen, money damages for the loss of future profits from UnoValores, and punitive damages. of course, the plaintiff must prove up his case at trial, to recover his losses. A review of the curt docket indicates that the defendants, through their counsel, have repeatedly failed to cooperate in the Discovery process, which accounts for the fact that this case has still not gone to trial. I leave it to our readers to determine whether such actions were dilatory, and taken solely for the purposes of delay, or were taken in good faith.

The point that I am making here is that the lawsuit, which came after the defendants placed large amounts of money in their US bank accounts, and became engaged in multiple businesses, should have been picked up by their bankers in a follow-up compliance check. Should the plaintiff prevail, any post-judgment collection effort, which would involve garnishing the defendants' bank accounts, and seizing their assets, would involve the banks that chose to continue to serve them after the lawsuit was filed.

The safest thing to do, when an existing bank client is involved in major litigation, is to have outside counsel review it, and report back on whether it presents any risks to the bank, including reputation damage, exposure to suits from third parties, and potential regulatory or criminal exposure. Some lawsuits are frivolous, and have no merit at law; your counsel should advise you on these matters.

The court file lists the businesses that the defendants, mainly Wahnon, allegedly are involved in:

Blue Diamonds USA Corp
BlueFountain Limited Corporation
Iconbrick LLC
MW Corporation USA Inc.
Palace View LLC

Some of the above names are similar to those of other companies also doing business in the State of Florida, so check the exact wording of the names carefully. Compliance officers should always remind senior bank staff that existing clients, particularly those with large balances, must be checked at least annually, to determine whether anything has occurred that could affect client risk levels. When you read about negative events that impact clients in the newspaper, it is already too late.


_______________________________________________________________________
* United States vs. Rafael Ramos de la Rosa, Case No.: 10-cr-20842-PAS (SD FL) .
'** Tomas Andres Vazquez Estrella vs. Leonor Sarmiento Camperos, Moises Wahnon Maman and Rafael Ramos de la Rosa, Case No.: 11-35080-CA22 (11th Jud. Cir. Fla.). 

Sunday, March 3, 2013

MAJOR CREDIT CARD COMPANIES CONSPIRE TO LAUNDER BILLIONS OF DOLLARS

HOW LAUNDERED FUNDS ARE IMPORTED INTO THE UNITED STATES USING ANONYMOUS PREPAID CARDS



A reader who commented to me on my recent article* on the threats posed by anonymous prepaid cards**  was interested in learning whether how they are employed in the investment of laundered funds in the Continental United States (Conus). The method in current use  is, unfortunately, strictly legal, as our legislation has failed to keep up with the application of technology to solve money laundering problems.

Let me detail the steps:

(1) The money launderer obtains a quantity of prepaid cards, which are completely and totally anonymous, since no customer identification is performed at the time of card acquisition, he now has the ability, through a specially-designated bank account, to load up the card from anywhere in the world.

(2) the laundryman, using an associate, enters the United States, with the cards, which at that time have only a nominal balance, or no balance, nothing that triggers the reporting requirement for cash or cash equivalent of over $10,000 .

(3) The launderer, who came into the US through another gateway, meets up with his associate, and takes possession of the cards.

(4) He contacts the jurisdictions where he has funds available, and orders funds sent to the bank that is connected to the cards, and has money uploaded to the cards. The offshore bank can now load the cards to a maximum of $100,000 each.

The value on the cards can now be redeemed, and any enquiry later made by law enforcement as to the identity of the individual or individuals who own the cards hit a dead end, as neither the card issuer nor the bank involved have any information. Since the launderer has a large number of cards, he can, if he chooses, spread the withdrawals amongst the lot, which decreases the risk that any of the transactions will come to the attention of financial institutions, or law enforcement agencies.

So long as the credit card companies allow their card issuers to flout, and breach, all normal customer identification policies and procedures, money launderers will be able to move funds into the United States with impunity. It is estimated that $5-10bn is being illegally moved into the United States each month through anonymous prepaid cards.


_______________________________________________________________________
*The Dark Trail of Anonymous Prepaid Cards began in Gibraltar
** Also known as stored value cards.


http://rijock.blogspot.com/2013/02/eu-demand-for-money-laundering.html

CHAVEZ HAS A SPECIAL ESTATE IN "HELL"

MANY OBSERVERS CONSIDER VENEZUELA'S CHAVEZ TO BE DEAD



The consensus of opinion, on the state of health of Venezuelan President Hugo Chavez Frias, appears to be that the operations that he underwent in Cuba, at the end of the year, left him on Live Support on or about 30 December, 2012, and that his family ordered him disconnected  a few days ago, when he had been transported to Caracas.; the former Panamanian ambassador to the OAS is claiming that he is dead, and that the Government of Venezuela is covering the death up, to avoid a national crisis over the transition period, and upcoming presidential election. it is further alleged that the failure of Chavez to be interviewed or photographed, or to take visits from the presidents of Argentina and Ecuador, could only occur due to his prior death.

The photograph published with his daughters has been exposed as one taken some time ago, before one daughter who has had nose surgery, had the procedure done. Additionally, Chavez' full head of black hair is inconsistent with his appearance prior to his travel to Havana for an operation. They lied about the picture.



If the Government of Venezuela chooses to lie to its people, in the faint hope that they will buy its fiction about his "recovery," and they choose to believe it, the exposure of the real truth down the road could result in a severe loss of credibility, regarding their leaders, and a possible civil destabilisation, all of which will raise Country Risk for Venezuela. Pay close attention to March events in Caracas.

Saturday, March 2, 2013

Claudio Eleazar Osorio Another Venezuelan Goes To Prison For Money Laundering

FRAUDSTER PLEADS GUILTY TO MONEY LAUNDERING IN $50M MIAMI CASE


Claudio Eleazar Osorio, also known as Claudio Osorio Rodriguez,  a Venezuelan well known in Miami's high society circles, has entered a plea of guilty, in Federal Court*, to two counts of defrauding investors, in a US programme designed to build housing in Haiti, and to one count of conspiracy to commit money laundering, in a case that has left many high net-worth investors from Miami, as well as the Middle East, without any hope of recovering their funds. His original indictment was for 22 counts.

Osorio, who formerly headed a major distributor of computers that later filed for bankruptcy, could receive up to thirty years for his crimes. His Plea Agreement mentions a probable sentence of at least 12 years, and $20-50m in Restitution. A civil suit, for securities fraud, has been brought against him by the Securities & Exchange Commission**.

Osorio's company, Innovida Holdings LLC, was to construct low-cost housing in Haiti, using high-tech building panels, but failed to complete any projects. He admitted in court to making material misrepresentations of fact, to induce investors to contribute funds, and then used the money to fund a lavish lifestyle.

Swiss authorities are also investigating Osorio, in connection with an alleged scheme to fraudulently obtain $220m in loans, from Swiss banks, for his previous computer company, CHS Electronics.

Sentencing has been set for 9 May, 2013; The defendant is in custody at this time.
______________________________________________________________________
*  Case No.: 12-cr-20901-WPD (SD FL).
**Case No.: 12-cv-24326-JAL  (SD FL).