Ex-PDVSA Trader Cops To Money Laundering

Law360, New York (January 27, 2021, 9:38 PM EST) -- A former manager and trader for Petróleos de Venezuela SA copped to a single money laundering charge Wednesday in what prosecutors say was a scheme to take bribes from U.S. asphalt companies in exchange for helping them secure contracts with Venezuela's state-owned oil and gas company.

During a virtual conference in Brooklyn federal court before U.S. District Judge Eric Vitaliano, Daniel Comoretto, 48, a dual citizen of Venezuela and Italy, pled guilty to one count of money laundering conspiracy in the latest fallout from a crackdown on corruption in South American oil markets.

Prosecutors say Comoretto, a lawful permanent resident of...

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