A Venezuelan media tycoon, Raul Gorrin, has been charged in federal court in Florida for his alleged involvement in a money laundering conspiracy to siphon over $1 billion from the state-owned oil company, Petróleos de Venezuela S.A. (PDVSA). The indictment accuses Gorrin of laundering funds obtained from PDVSA in exchange for substantial bribery payments to Venezuelan officials.
Gorrin, 56, faces one count of conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison if convicted. He is currently considered a fugitive by the U.S. authorities. Gorrin has denied any wrongdoing through his attorney.
