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Billionaire faced probes before deal

The billionaire’s role in the Venezuela oil pact drew scrutiny as U.S. investigators examined alleged laundering of PDVSA funds.

CARACAS — The billionaire who helped broker the Trump administration's sweeping long-term oil deal with Venezuela was, until recently, targeted in U.S. money laundering investigations involving funds embezzled from the state-owned oil company PDVSA.

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The Daily ProgressThe Daily Progress
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Billionaire faced probes before deal

CARACAS — The billionaire who helped broker the Trump administration's sweeping long-term oil deal with Venezuela was, until recently, targeted in U.S. money laundering investigations involving funds embezzled from the state-owned oil company PDVSA.

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The Daily Progress broke the news on Thursday, September 10, 2026.
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