Former banker pleads guilty in U.S. to role in laundering embezzled PDVSA funds

A former executive with Swiss bank Julius Baer pleaded guilty on Wednesday for his role in a billion-dollar scheme to launder money embezzled from the Venezuelan state-owned oil company PDVSA, the U.S. Justice Department said.

from Reuters: U.S. https://ift.tt/2w6oOgR