Citgo Sues Miami Firm Over Millions Lost in Venezuela Fraud
An opposition leader Juan Guaidó-appointed board of Citgo, the U.S. subsidiary of Venezuela's state oil company, accuses José Manuel González and his Miami-based Petroleum Logistics Service Corp. of providing gifts, including cash, jewelry, private artwork, chartered flights and even a handpicked Houston apartment, to senior executives at Citgo.
May 27, 2020 at 01:44 PM
5 minute read
When the U.S. recognized Venezuelan opposition leader Juan Guaidó as the nation's rightful leader last year it did more than just trigger a bitter feud with socialist leader Nicolás Maduro. Increasingly, it's also unleashing a torrent of lawsuits.
The latest came Tuesday, when the Guaidó-appointed board of Citgo, the U.S. subsidiary of Venezuela's state oil company, filed a lawsuit in federal court in Houston against a former contractor seeking to recover millions of dollars in damages.
The lawsuit accuses José Manuel González and his Miami-based Petroleum Logistics Service Corp. of providing gifts, including cash, jewelry, private artwork, chartered flights and even a handpicked Houston apartment, to senior executives at Citgo. In exchange, officials paid González $20 million between 2014 and 2018 to provide goods and services to Citgo's parent company, PDVSA, at inflated prices.
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