US Offers $5M Bounty For Arrest Of Venezuelas Crypto Chief

The head of Venezuela’s cryptocurrency initiative, the petro, is requisite by the united statesgovernment on costs of corruption and hyperlinks to the narcotics commerce.

Immigration and Customs Enforcement (ICE) added Joselit Ramirez Camacho to its Most Wanted List on Monday, accusative him of a variety of violations associated to worldwide commerce and his alleged involvement inside the worldwide drug dealings scene.

Ramirez Camacho is a public official and serves because the superintendent for Venezuela’s petro initiative, a cryptocurrency purportedly backed by the nation’s oil and mineral reserves.

The superintendent is requisite by ICE’s Homeland Security Investigations (HSI) arm for violating the International Emergency Economic Powers Act and the Kingpin Act, and for break a collection of sanctions obligatory by the Treasury Department.

ICE is providing as much like $5 million for any data that results in his arrest and conviction.

Ramirez Camacho is “accused of having deep political, social and economic ties to binary alleged narcotics kingpins, includingTareck EI Aissami,” a former vp of Venezuela who can be wished by ICE on costs of cash laundering and an alleged position in worldwide narcotics dealingsking.

If arrested, Ramirez Camacho shall be despatched to the U.S. and tried inside the Southern District of New York.

Geoffrey Berman, district legal professional, of New York, accused him final calendar month of being a part of a corrupt group of high-ranking Venezuelan officers – together with President Nicolas Maduro – working a “narco-terrorism partnership” intent onflooding “the United States with cocain in order to undermine the health and well-being of our nation.”


The chief in blockchain information, CoinDesk is a media outlet that strives for the best print media requirements and abides by a strict set of editorial insurance policies. CoinDesk is an impartial working subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

US Offers $5M Bounty For Arrest Of Venezuelas Crypto Chief

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