US Offers $5M Bounty for Arrest of Venezuela’s Crypto Chief

The head of Venezuela’s cryptocurrency initiative, the petro, is needed 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, accusing him of a variety of violations associated to worldwide commerce and his alleged involvement within the worldwide drug trafficking scene.

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

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

ICE is providing as much as $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 multiple alleged narcotics kingpins, including Tareck 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 trafficking.

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

Geoffrey Berman, district legal professional, of New York, accused him final 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 on flooding “the United States with cocaine in order to undermine the health and wellbeing of our nation.”


The chief in blockchain information, CoinDesk is a media outlet that strives for the best journalistic 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.

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