Ex-Nodus Bank CEO Pleads Guilty to $24.9M Fraud and Venezuela Sanctions Evasion
The former Chief Executive Officer of Nodus International Bank, a Puerto Rican-based international financial institution, pleaded guilty to leading a multimillion-dollar wire fraud conspiracy. He unlawfully siphoned approximately $24.9 million from the bank, diverting funds for personal use. In addition, he participated in a scheme to evade U.S. economic sanctions by conducting transactions with an individual sanctioned due to connections with the Venezuelan regime. This fraudulent activity compromises the trustworthiness of the financial system by exploiting a key executive role to circumvent legal controls. It also weakens U.S. sanctions aimed at pressuring Venezuela, potentially enabling illicit financial flows that support... [Continue Reading]
360LiveNews | 20 Mar 2026 15:42
