04 Dec 2018
A former owner of Banco Peravia bank in the Dominican Republic has been sentenced to three years in prison for his role in a billion-dollar money laundering scheme involving currency exchange.
Gabriel Arturo Jimenez Aray (Jimenez), 50, a Venezuelan citizen residing in the US, and former owner of Banco Peravia bank, was sentenced to three years in prison.
He pleaded guilty under seal to one count of conspiracy to commit money laundering.
As part of his guilty plea, he admitted that, as part of the scheme, he conspired with others to acquire Banco Peravia, through which he helped launder bribe money and scheme proceeds.
“Jimenez and his co-conspirators made the decision to use Banco Peravia to pay bribes to Venezuelan government officials in exchange for contracts to conduct currency exchange schemes and to launder the money obtained from running those currency exchange schemes,” the US Department of Justice explained.
“He facilitated illegal transactions and bribe payments to foreign officials and others via bank issued credit cards, cash disbursements, wire transfers and other financial transactions.”
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