Woodlands resident arrested in billion dollar bribe and money laundering scheme

- US authorities have arrested two Venezuelan businessmen based in America after court documents revealed on Monday that the men bribed officials and laundered money involving the Venezuelan government-run oil company PDVSA (Petróleos de Venezuela).

One of the men, Roberto Rincón, 55, lives in a $5 million mansion in The Woodlands community, where he was arrested on Wednesday on charges of fraud, money laundering and conspiracy to violate the Foreign Corrupt Practices Act. This law prohibits American businesses or people from bribing government officials in other countries in order to obtain business there.


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