laundering

ATLANTA — Former Rep. Pat Swindall was convicted today of nine counts of perjury for lying to a federal grand jury about a money-laundering scheme.

The 38-year-old conservative Republican, who served two terms in Congress from Atlanta’s suburbs before being defeated in November, could receive up to five years in prison plus fines of $250,000 on each count at sentencing Aug. 25.

Swindall left the courtroom saying he was “numb, disappointed, but not terribly surprised,” as his wife, Kim, stood behind him, wearing a lilac maternity dress and clutching his hand.

‘Have Been Forgiven’

“I had said months before that I had gotten into something,” Swindall said, referring to a tearful apology he issued after the case became public last year. “I confessed publicly and openly, and for that I feel I have been forgiven by God and my constituents.

“I’m prepared to do whatever I have to do. If I have to go to prison, I’ll go to prison and I’ll have a good attitude about it.”

The jury deliberated 17 hours over four days after nearly four weeks of testimony. Swindall was indicted in October on 10 counts of perjury. U.S. District Judge Richard C. Freeman dismissed one count during the trial.

The former congressman was accused of lying to a grand jury in 1988 about his 1987 negotiations with an IRS agent posing as a drug-money launderer and with Swindall associate Charles LeChasney, later convicted of money laundering.

Among other things, Swindall was found guilty of perjury for denying that he had been told that the $850,000 he was seeking from the agent to finish building his luxurious home contained proceeds from drug trafficking.

Appeal Planned

Swindall’s chief attorney, Richard Hendrix, said he will appeal.

Swindall, a lanky, boyish lawyer, went to Congress in 1984 from the city’s affluent eastern suburbs as a conservative, fundamentalist Christian. Under the cloud of the perjury indictment, he lost to Democrat Ben Jones, who appeared in “The Dukes of Hazzard” television series.

The jury heard secretly taped conversations with the undercover agent, Mike Mullaney, in which Swindall was told that the $850,000 “certainly” included drug money and that he would be part of an operation to “wash” cash. Swindall proposed that a mortgage company be set up by LeChasney as a “buffer” to allow him to “borrow” the agent’s money.

In their last conversation after Swindall had received a $150,000 advance, he told Mullaney, “If Charles wants to launder y’all’s money, fine. But I can’t do that. . . . I can borrow the money from Charles.”

Swindall was a largely unknown lawyer and furniture store owner when he was elected in an upset in 1984, toppling veteran Democrat Elliott Levitas.

‘Biblical Score Card’

Swindall, a Presbyterian, took his campaign to evangelical churches, distributing a “Biblical score card” in his race against Levitas, who is Jewish.

In his two terms, Swindall staunchly voted with the Reagan right and acquired a reputation as somewhat of a gadfly, voting against such popular programs as school lunch funding and aid to African famine victims. He filed a brief with the Supreme Court advocating the teaching of “creationism” in schools.

Aug. 7 (UPI) — The Trump administration on Friday sanctioned a multinational network of crypto exchanges that authorities say Iran has been using to launder billions of dollars to fund its military.

The sanctions target United Arab Emirates-based Shelbit Exchange, which authorities say has been laundering money by running it through a large gambling website on behalf of the Iranian government.

The move comes as retaliation for Iranian attacks again commercial vessels in the Strait of Hormuz this week, State Department officials said.

Treasury officials said Iran uses a sprawling network of corporate entities to obscure the origin of the funds and launder money to benefit the Islamic Revolutionary Guard Corps.

“The Iranian regime’s reliance on digital assets and shadow banking networks is further evidence that Economic Fury is working,” said Treasury Secretary Scott Bessent, in a statement, referencing the government’s operations to target Iran’s funding network.

The executive who runs the operations, Iran-born expatriate Siavash Kayvanpour, has also been sanctioned.

Kayvanpour’s network of crypto exchanges allegedly includes operations in the Republic of Georgia and Poland, as well as other outfits in the UAE.

The U.S. is also sanctioning Aban Tether, an Iran-based crypto exchange, for processing Iranian assets through Nobitex, Wallex, Bitpin and Ramzinex.

“We will continue to increase the economic pressure,” Bessent said in a statement. “Whether in dollars, rials, or crypto, Treasury will hunt down and dismantle the illicit financial networks that keep the regime afloat.”

On Friday, the Senate also passed a bill sanctioning Iran, targeting its energy and weapons manufacturing industries.

President Donald Trump and his son Eric Trump, walk to Marine One on the South Lawn of the White House, on April 10 in Washington, D.C. Capital One attorneys said in court documents that the bank closed the Trump Organization’s accounts over concerns about money laundering. File Photo by Al Drago/UPI | License Photo

Aug. 3 (UPI) — Capital One attorneys said in court documents that the bank closed the Trump Organization’s accounts over concerns about money laundering.

Attorneys for the bank have asked a federal judge to dismiss a lawsuit brought by President Donald Trump over it closing hundreds of Trump Organization accounts in 2021. The motion filed by Capital One on Friday clarifies that money laundering concerns were the reason the accounts were closed.

“The closures were the result of months of analysis and a careful review by Capital One’s [anti-money-laundering] team in accordance with bank policies and regulatory guidance,” the court files read.

Trump argues that banks have “debanked” him and other conservatives for their political views. This followed the Jan. 6, 2021, riot at the U.S. Capitol. He has also filed a lawsuit against JPMorgan Chase for the same allegations and sought $5 billion in damages.

Capital One argues that the Trump Organization’s accounts were closed in a lawful manner.

“Instead, Plaintiffs attempt to keep their misguided allegations of political discrimination alive by speculating that Capital One’s anti-money laundering concerns were pretextual and claiming that Plaintiffs were somehow ‘misled’ by the contractually permitted closure decision,” the court filings read.

The bank adds that its contracts with clients give it the discretion to close any account “at any time, for any reason or no reason and without notice.”

About 385 accounts with ties to the Trump Organization, Executive Vice President Eric Trump and other affiliated businesses were closed in total.

In March, U.S. District Judge Roy Altman granted a previous motion by Capital One to dismiss the initial lawsuit that allowed Trump a limited window to refile. Trump and plaintiffs since filed an amended complaint that Capital One says suffer from “the same fundamental flaws as their prior two pleadings.”

If Capital One’s latest motion for dismissal is granted, the Trump Organization will be barred from filing another lawsuit.

Caracas, May 20, 2026 (venezuelanalysis.com) – Former Venezuelan Industry Minister Alex Saab appeared before a federal court in Miami on Monday and was formally charged with money laundering offenses.

The accusations are linked to alleged misappropriation of funds from Venezuelan government contracts, including the CLAP subsidized food program, which was created to support the country’s most vulnerable sectors.

Following his “deportation” from Caracas last Saturday, Saab — who was previously charged in the United States in 2021 but pardoned in 2023 by former President Joe Biden as part of a prisoner swap with Venezuela — was also accused of conspiracy to conduct financial transactions through the US financial system, as well as concealing and disguising the origin of funds.

According to US Deputy Attorney General Andrew Tysen Duva, Saab “allegedly used US banks to launder hundreds of millions of dollars stolen from a Venezuelan food program and from profits generated through the illegal sale of Venezuelan oil.”

The former minister, who also served as a diplomatic envoy for the Nicolás Maduro government, is accused of “secretly using shell companies, fraudulent invoices, falsified shipping records and other fabricated documents.”

The Department of Justice stated that “from 2019 through at least January 2026, the conspiracy expanded as US economic sanctions crippled Venezuelan exports, especially oil.” If convicted, Saab faces a maximum sentence of 20 years in federal prison. He will remain detained without bail, with the next hearing scheduled for June 24.

The Colombian-born businessman was previously arrested in mid-2020 during a refueling stop in Cape Verde at the behest of US authorities. Saab was headed to Iran to negotiate fuel and food imports at a time of acute shortages in Venezuela.

The Venezuelan government launched a massive international PR and solidarity campaign to protest Saab’s arrest and later extradition to the US. Authorities established his release as a foreign policy priority, even temporarily suspending a dialogue process with US-backed opposition factions. Saab’s legal and public defense centered on his diplomatic immunity and his role in securing imports that circumvented US sanctions.

Upon his release, Saab was appointed industry minister in October 2024. He was removed from the post by Acting President Delcy Rodríguez in January, weeks after the US military strikes and kidnapping of Maduro.

Rumors that the former government envoy had been arrested by security forces began to circulate in February, with authorities neither confirming nor denying them. Following his handover to US agencies, Venezuelan high-ranking officials have sought to distance themselves from Saab.

Rodríguez defended Saab’s handover on Monday, arguing that it was an administrative measure justified by national interests.

“Any decision taken by the national government will be made in Venezuela’s interest (…) Alex Saab is a citizen of Colombian origin, he carried out functions in Venezuela, and these are matters between the United States of America and him,” she said in a televised broadcast, adding that the upcoming prosecution is an issue “between the US and Saab.”

For his part, National Assembly President Jorge Rodríguez accused Saab of maintaining “ties” with “US agencies” since 2019. “We are only learning about this now (…) All of you will soon find out what kind of relationship Saab had and still has with those agencies,” he stated during a legislative session on Tuesday.

Rodríguez — who spent three years leading negotiations aimed at securing Saab’s release — insisted that he was following instructions and that it was “not his place” to investigate Saab’s background or whether he had committed any crimes.

At the same time, Venezuelan Interior Minister Diosdado Cabello claimed that Saab had fraudulently obtained Venezuelan nationality back in 2004 and went on to “defraud” the country. 

“He is not Venezuelan, he is a citizen of Colombian origin,” Cabello affirmed in a Monday press conference. “He always presented an illegal Venezuelan ID card that has no backing from the immigration services.”

The Venezuelan leaders’ statements sparked doubts and criticism on social media, with users publishing Supreme Court resolutions affirming Saab’s Venezuelan nationality and questioning how Saab’s migratory status was not vetted before his high-level appointments.

New investigation against Maduro

Saab’s second arrest and prosecution by the US Justice Department have reportedly coincided with the launch of a new probe against Maduro. 

According to CBS News, US authorities worry that the case against the kidnapped president in New York is “weak” and ordered federal prosecutors in Florida to open a second criminal investigation against him. It is not presently known whether the goal is to tie the new probe to Saab, whom Washington has accused of serving as Maduro’s “financial operator.”

The latest investigation was reportedly opened in March and is being led by prosecutor Michael Berger, who specializes in international criminal cases. Several FBI and Homeland Security agents are likewise participating, along with the IRS’ criminal investigation division.

Maduro and First Lady Cilia Flores pleaded not guilty to charges including drug trafficking conspiracy. Their trial is set to resume on June 30.

Edited by Ricardo Vaz in Caracas.

May 18 (UPI) — Alex Saab, a billionaire Colombian businessman and longtime ally of ousted Venezuelan leader Nicolas Maduro, appeared in a Miami federal courtroom on Monday, days after he was extradited to the United States.

Saab, 54, made his initial court appearance in the Southern District of Florida, where a federal indictment was unsealed, charging him with conspiracy to launder money through U.S. banks.

U.S. authorities have long accused Saab of corruption, specifically of using his connections to the Maduro regime to skim money from government programs intended to benefit Venezuela’s poor and of helping Maduro evade sanctions.

The case is centered on the Venezuelan government program Local Committees for Supply and Production, known as CLAP, an acronym of its Spanish name. Created in 2016 in response to the collapse of Venezuela’s economy, CLAP was intended to provide subsidized food to the country’s poor.

Federal prosecutors allege that Saab and his unnamed co-conspirators paid bribes to Venezuelan government officials to be awarded the CLAP contracts to import food, but instead enriched themselves by siphoning hundreds of millions of dollars from the program.

The charging document further accuses Saab and others of expanding the scheme to include the illegal sale of Venezuelan oil, starting in at least 2019 and continuing until the return of the indictment, which is dated Jan. 14.

The U.S. charges stem from the accusation that at least some of the allegedly ill-gotten money was transferred through U.S.-based bank accounts. If convicted, Saab faces a maximum penalty of 20 years in prison.

“When illicit proceeds are moved through the United States financial system, our courts have jurisdiction and our prosecutors will act,” U.S. Attorney Jason Reding Quinones of the Southern District of Florida said in a statement.

The indictment announced Monday is the second a Trump administration has brought against Saab, and his extradition on Saturday is the second time he has been sent to the United States to face criminal charges.

Maduro’s government has been a target of President Donald Trump since his first administration, which sought to oust the authoritarian leader through a so-called maximum pressure campaign of sanctions, including designating Saab in 2019 over the alleged CLAP scheme.

Saab was then arrested in June 2020 in Cape Verde at the request of the United States and was extradited.

But he was returned to Venezuela by the Biden administration in 2023 in exchange for 10 detained Americans. As part of the prisoner exchange, Saab was issued a full pardon for charges included in the first indictment.

After his re-election in 2025, Trump ousted Maduro and brought him to the United States to face narco-terrorism charges in a clandestine early January military operation.

Then in February, under the government of Maduro’s former vice president, Delcy Rodriguez, who was elevated to president following her predecessor’s U.S. arrest, Venezuelan authorities detained Saab at the request of the United States.

Saab’s return to U.S. custody now raises speculation that he could be used in the federal prosecution’s case against Maduro, given his former proximity to Maduro and members of Maduro’s family.

“Saab would be a powerful witness in the prosecution of Maduro — and could offer insights into Delcy’s role in building South America’s prototypical kleptocracy,” Benjamin Gedan, a foreign policy scholar and director of the Stimson Center’s Latin America Program, said in a social media statement.