Nicolas Maduro

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.

Mérida, April 28, 2026 (venezuelanalysis.com) – The US government has authorized the use of Venezuelan state assets to cover the legal defense fees of President Nicolás Maduro and First Lady Cilia Flores. 

According to reports, the Treasury Department’s Office of Foreign Assets Control (OFAC) issued a waiver to its existing sanctions against the Caribbean country.

The resolution, formalized in an April 24 letter from the US Justice Department to New York District Judge Alvin Hellerstein, removes an early hurdle in the high-profile case against Maduro and Flores. The pair was kidnapped by US Special Forces on January 3 and is facing charges including drug trafficking conspiracy.

The joint letter, signed by US Attorney Jay Clayton and several assistant prosecutors, clarifies that the amended OFAC licenses allow defense counsel to receive payments under strict parameters. 

“The amended licenses authorize defense counsel to receive payments from the government of Venezuela with funds made available after March 5, 2026,” the document read. US prosecutors further clarified that the defense cannot be funded with Venezuelan oil revenues that are currently controlled by the US Treasury, as well as Venezuelan state assets that have been frozen for years.

The issue of access to legal funding had previously been a central flashpoint in the case. Barry Pollack, Maduro’s defense attorney, had filed a motion to dismiss the case, arguing that the US government was effectively denying the defendants their constitutional right to a fair trial by blocking their ability to pay for attorneys of their choice.

At the latest hearing on March 26, Judge Hellerstein ruled out dismissing the charges but challenged the US prosecutors’ justifications for blocking Caracas’ ability to fund Maduro and Flores’ defense.

Following the issuance of the OFAC licenses, the defense has reportedly withdrawn its motions to dismiss the case, though it retains the right to refile should similar financial obstacles arise in the future. The Venezuelan government has yet to comment on this latest development in the case.

At present, no date has been scheduled for either a hearing or the commencement of the trial. The parties have submitted a request to the court for a status conference to be scheduled in approximately 60 days. The case has progressed slowly, with the prosecution pointing to the complexity of the discovery process.

At their January 5 arraignment, Maduro and Flores pleaded not guilty to charges. Despite repeated “narcoterrorism” accusations over the years, US officials have not publicly provided evidence tying Venezuelan leaders to narcotics activities. In addition, reports from specialized agencies including the US’ DEA have consistently found Venezuela to play a marginal role in global drug trafficking.

Edited by Ricardo Vaz in Caracas.

Defence lawyers had asked for case to be thrown out, claiming Maduro’s rights were violated following US abduction.

The United States has agreed to ease certain sanctions on Venezuela in order to allow the country’s government to cover the legal fees for ex-president Nicolas Maduro, who is on federal trial in New York City for drug trafficking charges after being abducted by US forces in January.

Maduro’s lawyer, Barry Pollack, had asked the Manhattan-based US District Judge Alvin Hellerstein to toss out the case in February, arguing that a prohibition on the government in Caracas paying the legal fees constituted a violation of Maduro’s legal right to the counsel of his choice.

In a court filing, US Department of Justice lawyers agreed to modify US sanctions so that the Venezuelan government could pay Maduro’s defence lawyer. They said the change makes the defence’s motion to throw out the case “moot”.

The pivot is the latest update in a closely watched trial that has raised a series of legal questions based on Maduro’s status as a former head of state and how he was taken into US custody.

Critics have condemned the proceedings as fundamentally illegitimate, pointing to the extraordinary US military operation to abduct Maduro and his wife, Cilia Flores, from Venezuela. Legal experts have called the raid a blatant violation of international law.

The Trump administration has maintained that the abduction was a law enforcement operation supported by the military. It has argued that Washington does not recognise Maduro as the legitimate leader of Venezuela following several contested elections.

Under the international law concept of “head of state immunity”, sitting world leaders are typically granted immunity from foreign national courts.

After being spirited to the US, Maduro and Flores pleaded not guilty and remain jailed in Brooklyn, New York. Maduro has rejected the US charges as a false pretext for seizing control of the South American country’s natural resources.

US President Donald Trump has repeatedly expressed his desire for foreign companies to access Venezuela’s vast oil reserves.

During a hearing on March 26, Judge Hellerstein did not signal that he would throw out the trial, but did question whether the sanctions preventing the Venezuelan government from covering Maduro’s legal fees were a violation of constitutional rights.

All criminal defendants in the US have constitutional rights, regardless of whether or not they are US citizens.

Prosecutors, at the time, argued that the sanctions were based on national security interests and asserted that the executive branch, rather than the judiciary, oversees foreign policy.

They further argued that Maduro and Flores could use personal funds to pay for a lawyer of their choice.

“The defendant is here, Flores is here. They present no further national security threat,” said Hellerstein.

“The right that’s implicated, paramount over other rights, is the right to constitutional counsel.”

April 23 (UPI) — A U.S. Army special forces soldier who participated in capturing Venezuelan leader Nicolas Maduro has been charged with using classified information about the operation to make bets on Polymarket, a decentralized prediction platform, federal prosecutors said Thursday.

Gannon Ken Van Dyke, stationed at Fort Bragg in Fayetteville, N.C., is alleged to have profited by more than $400,000 through wagers he made on Polymarket concerning the future of Venezuela, Maduro and U.S. military intervention.

“Our men and women in uniform are trusted with classified information in order to accomplish their mission as safely and effectively as possible, and are prohibited from using this highly sensitive information for personal financial gain,” Acting Attorney General Todd Blanche said in a statement.

Polymarket is one of several crypto-based prediction markets that grew in popularity during the 2024 general election, allowing users to make wagers on seemingly anything, from who will be drafted first overall in the NFL Draft to when President Donald Trump will announce the war in Iran is over.

In the indictment unsealed Thursday, federal prosecutors alleged that starting from around Dec. 8, Van Dyke participated in the planning and execution of Operation Absolute Resolve.

On Dec. 26, Van Dyke allegedly created a Polymarket account, which he used to make 13 bets from Dec. 27, wagering a combined $33,034 on contracts concerning U.S. military involvement in Venezuela.

Before dawn on Jan. 3, U.S. military forces conducted a clandestine operation in Venezuela, resulting in the capture of Maduro and his wife, who were brought back to the United States to face narco-trafficking charges.

After Trump announced the operation that night, Van Dyke allegedly made $409,881 off his bets, which he withdrew to a foreign cryptocurrency vault before depositing them into a newly created online brokerage account, federal prosecutors said.

After the operation, news broke that one user had wagered $32,000 that Maduro would be ousted by the end of January, netting the multi-hundred-thousand-dollar payout.

Prosecutors alleged that as reports of the unusual wager spread, Van Dyke asked the platform on Jan. 6 to delete his account and he allegedly changed the email address registered to his cryptocurrency exchange account.

The indictment charges him with use of confidential government information for personal gain, theft of nonpublic government information, commodities fraud, wire fraud and making an unlawful monetary transaction.

If convicted, Van Dyke faces up to 10 years in prison for each of the three Commodity Exchange Act counts, 20 years for the one wire fraud count and 10 years for the unlawful monetary transaction charge.

The charges come amid concern about such decentralized markets that allow for betting on real-world events and calls for them to be regulated

In late March, dozens of lawmakers called on the Commodity Futures Trading Commission and the Office of Government Ethics to address illegal insider trading on these platforms by federal employees following the Polymarket payout on the capture of Maduro and other suspicious trades.

Asked about the development and if he is concerned about bets being placed on the Iran war, Trump told reporters at the White House that he will look into it.

“The whole world, unfortunately, has become somewhat of a casino. And you look at what’s going on all over the world, in Europe and every place, they’re doing these betting things,” he said.

“I was never much in favor of it. I don’t like it, conceptually, but it is what it is.”