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Venezuela 3 News
Venezuelan workers caught up in US Ponzi scheme
The fallout from the biggest white-collar federal prosecution in Connecticut is being felt a continent away in Venezuela, where hundreds of millions of dollars from a state oil workers' pension fund were invested with a now disgraced financier.U.S. prosecutors say Francisco Illarramendi, a Venezuelan-American, used unregistered hedge funds in Stamford, Connecticut, as cover for a massive pyramid investment
The fallout from the biggest white-collar federal prosecution in Connecticut is being felt a continent away in Venezuela, where hundreds of millions of dollars from a state oil workers' pension fund were invested with a now disgraced financier.U.S. prosecutors say Francisco Illarramendi, a Venezuelan-American, used unregistered hedge funds in Stamford, Connecticut, as cover for a massive pyramid investment
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