Maduro ally Alex Saab pleads guilty in a $195M money laundering case
Breaking Legal News
A close ally of former Venezuelan President Nicolás Maduro long described by U.S. officials as the ousted leader’s frontman pleaded guilty Tuesday to a single count of money laundering tied to an alleged bribery conspiracy to win lucrative government contracts in the South American country.
As part of the plea deal, Alex Saab agreed to cooperate in continuing federal investigations, paving the way for his eventual cooperation against his former protector. He also agreed to forfeit $195 million in criminal proceeds from the corruption scheme.
Saab, 54, was deported in May by Venezuela’s acting President Delcy Rodriguez to the U.S., which has been targeting the Colombian-born businessman for more than a decade.
The money laundering offense carries a maximum 20-year penalty but prosecutors agreed to recommend a sentence at the low end of the recommended range and seek additional reductions should his cooperation prove substantial. Saab was previously charged during the first Trump administration in 2019 and then arrested during a refueling stop in Cape Verde on what the Venezuelan government described as a high-level humanitarian mission to Iran.
But President Joe Biden pardoned Saab in 2023 in exchange for the release of several imprisoned Americans in Venezuela. The deal, part of a failed effort by the Biden White House to lure Maduro into holding a free presidential election, was harshly criticized by Republicans and federal law enforcement officials, who immediately began investigating Saab for other alleged crimes not covered by the narrowly tailored pardon.
“This case sends a clear message: Political connections, wealth and proximity to a corrupt regime will not put anyone beyond the reach of American justice,” said Jason A. Reding Quiñones, U.S. attorney for the Southern District of Florida, who attended Tuesday’s proceedings along with more than a dozen federal agents.
The new indictment centers on contracts for the so-called CLAP program set up by Maduro to provide staples — rice, corn flour, cooking oil — to poor Venezuelans at a time of rampant hyperinflation and a crumbling currency. Saab amassed a fortune through Venezuelan government contracts but became even more valuable to Maduro as U.S. sanctions forced Venezuela to conduct much of its oil sales and foreign trade outside of Western financial institutions.
Related listings
-
House approves sweeping Russia sanctions bill, sending it to Trump
Breaking Legal News 09/18/2026The House on Wednesday passed a broad package of sanctions targeting Russian officials and key pillars of its economy as lawmakers look to deprive President Vladimir Putin of the financial resources needed to wage the war against Ukraine.The bill is ...
-
Canadian auto parts magnate Frank Stronach found guilty of sexual assault
Breaking Legal News 06/22/2026Austrian-Canadian billionaire and automotive business founder Frank Stronach was found guilty Friday of sexual assault and indecent assault of two women decades ago.Stronach, who is 93, had been accused of alleged incidents involving seven complainan...
-
Supreme Court hollows out a landmark law that had protected minority voting rights
Breaking Legal News 05/16/2026President Lyndon B. Johnson knew the legislation he was about to sign was momentous, one that took courage for certain members of Congress to pass since the vote could cost them their seats.To honor that, he took the unusual step of leaving the Oval ...
What Is Meant by ‘No-Fault’ Workers’ Compensation in Illinois?
If you were injured in a work-related accident and have been researching workers’ compensation, you may have seen it described as a “no-fault” system. One of the most important things to understand about the workers’ compensation system in Illinois is that it is based on a “no-fault” system. What does this mean, exactly?
Most employers in Illinois are required by law to have workers’ compensation insurance. And the workers' compensation in Illinois is a “no-fault” system, which means that any worker who has been hurt on the job is entitled to workers' compensation benefits. If you have been hurt on the job, you are entitled to workers’ compensation benefits no matter whose fault the accident was.
A no-fault insurance system, such as workers’ comp, works by paying claims regardless of who is to blame for an accident. This provides an important layer of protection for injured workers, sparing them from having to through additional litigation and the through the additional burden of proving who was at fault before receiving benefits.
In Illinois, even though you don’t have to prove that your injury was your employer’s fault, you do have to prove that your injury happened at work or as a result of work. If you would like help to file your workers' compensation claim, Krol, Bongiorno, & Given’s experienced workers' comp lawyers are here to help. With over 60 years of combined legal experience, the KBG law firm is a leader in the field of workers’ compensation law and we have earned the reputation as aggressive advocates for injured workers before the IWCC.
