The federal government wants to seize a three-bedroom condo at the glitzy Porsche Design Tower, a Miami mansion and two others in Coral Gables as part of an alleged conspiracy to launder $1.2 billion embezzled from Venezuela’s oil company.

Authorities charge an elaborate network designed to clean money taken from state-run Petroleos de Venezuela S.A., or PDVSA, and place funds in fake investments and South Florida real estate.

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