Venezuela: American Oil Executive Hostages to Stand Trial

New Post Public Reply Private Reply Replies (0) Message Board
PoemStone
179
Venezuela: American Oil Executive Hostages
to Stand Trial on ‘Corruption’ Charges < >

Venezuela-President-Nicolas-Maduro-May202019-Getty-640x480.jpg

Six Citgo oil executives, five of them American citizens, will stand trial on charges of embezzlement and conspiracy after a year and a half in prison without charges in socialist Venezuela, Nicolás Maduro’s supreme court revealed on Monday.

Citgo is the American arm of Petróleos de Venezuela (PDVSA), the state-run oil company. The men – José Ángel Pereira Ruimwtk, Tomeu Vadell Recalde, Alirio Zambrano, Jorge Toledo, Gustavo Cardenas, and José Luis Zambrano – stand accused of trying to wrongfully use Citgo stock to keep the company afloat. According to Texas NBC affiliate KRIS, the charges stem from “a never-executed proposal to refinance about $4 billion in Citgo bonds by offering as collateral a 50-percent stake in the company – which is the property of Venezuela’s state-owned oil company, PDVSA.”

Prior to the charges revealed Monday, the families of those detained said they were not charged with any crime and did not know how to receive due process from Maduro’s socialist dictatorship. Maduro had described their crime as “treason,” KRIS noted, but the courts did not charge them with treason, nor did Maduro provide any explanation for how the men’s alleged actions fit the legal definition of the term. The families say the men are innocent of any crime.

Maduro’s regime has a history of using Americans as hostages in disputes with the United States. It held an American citizen, Joshua Holt, in its notorious Helicoide political prison for years on charges of stockpiling weapons for a rebellion against the regime, but witnesses say they saw police openly plant weapons in Holt’s home before arresting him.

The Venezuelan Supreme Court published a notice Monday listing the suspects and charging them with “embezzlement, conspiracy between officials and contractors, money laundering, and conspiracy to commit a crime against the Venezuelan state, the public trust, and Citgo.” The judge presiding over the case did not set a date for their trial, meaning the prisoners have no indication of when, or if, the trial will occur. He had canceled 15 hearings on the case before the one on Monday.

The lack of information resembles their initial arrest in November 2017, when PDVSA sent for the men for an alleged “company meeting,” according to the family of Tomeu Vadell, Citgo’s vice president of refining. The meeting was a trap; Maduro’s police immediately arrested them upon landing in the country.

The anti-communist site Babalú Blog noted that the case of the “Citgo 6” has largely remained in local news spheres in Texas with little international coverage, despite the 18 months the men spent in prison with no charges to their names. Vadell’s family issued a statement to local media in the United States calling the hearing that announced the charges a “sad spectacle and a travesty of justice.” They, and the families of all six of those imprisoned, deny the charges.

The family of Alirio Zambrano has also spoken out, denying any charges and insisting that they “have seen absolutely nothing that indicates any shred of evidence against them.”

Louisiana’s KPLC TV reported Tuesday that Vadell’s family is extremely worried about his health, as he appeared to have lost significant weight when the family visited him in prison. Previous local news reports describe Vadell as having lost as much as 60 pounds and all of his hair.

“He prays a lot, he reads, and he exercises daily. And he just tries to stay strong because he says, he always says, he’s so positive, he says, ‘One day this happened and I know one day out of the blue, they’re going to let us out because I have the truth on my side,'” wife Dennysse said.

The “Citgo 6” case resembles the struggle of American Joshua Holt to get home after being accused of planning an insurrection. Holt had traveled to Venezuela to marry his wife, Thamara Caleño, and lived with her while they were processing their marriage. In that time, Maduro police stormed into their apartment and arrested them, claiming to find a firearms stockpile. Neighbors said they saw police plant the weapons in the apartment.

During his ordeal, Holt’s family told media that he lost significant weight in prison and was subject to physical and psychological abuse. In 2018, shortly before his release, Holt witnessed a prisoner revolt in the Helicoide, the former shopping mall Maduro’s regime uses as a political prisoner. Holt managed to release a video from prison in which he said the guards had threatened his life amid the uprising.

“Help me please united states [sic], how long do I have to suffer unjustly in this place?” he wrote on the Facebook post sharing the vide. “They want to kill me and paint the walls with my blood. I am a political prisoner, and they won’t let me free. They won’t give me a true trial.”

Maduro released Holt in April 2018 after significant pressure from the Trump administration.
Featured stocks: Coffee Shoppe
For conservative debate: "Keeping it Real"
Game Changing stock $SHMP

Scroll down for more posts ▼

Top 10 Most Recent News Articles

FRP Moto Unveils M3 Mini: High-Tech Wheelie, 55 MPH Speed

Updated Category News Views 4

Who knew that mini bikes could pack such a punch? Enter the M3 from the folks at FRP Moto. This isn't just another two-wheeler for the kiddie circuit. Nope, this one's got the juice to make even seasoned riders do a double take. We're talking electric power, a top speed of 55 mph, and some snazzy wheelie modes. A Look Under the Hood Get this – the M3 isn’t your...

Continue Reading
Marengo: Bold Moves in TMB-H Tumor Treatment

Updated Category News Views 23

A New Hope for Tough Tumors? Marengo Therapeutics is stirring up the oncology world with some intriguing Phase 2 results from their STARt-001 clinical trial, revealing invikafusp alfa's potential as a single-agent therapy. This hasn’t been a walk in the park, mind you; we're talking about dealing with TMB-H solid tumors that typically thumb their noses at immune...

Continue Reading
TBL Carves New Path with New York License Win

Updated Category News Views 5

Punching Through to New Opportunities Folks, here's one for the record books: the Team Boxing League (TBL) just nabbed the promoter license from the New York State Athletic Commission, or NYSAC if you're into the alphabet soup. This isn't just paperwork getting shuffled around an office; it's a massive leap forward for team boxing, a sport that steps into the heart of New...

Continue Reading
Beyond The Bounce Expands with Pro Pickleball Star

Updated Category News Views 4

Pickleball's Power Play: The Media Move Out of the blue, the world of niche sports finds its hub. Beyond The Bounce steps up to the plate by roping in pickleball’s own Zane Navratil. The hype’s not in the spin here—this is serious business. The company plans to push the boundaries of the sport into mainstream media, or at least give it a decent shot. Zane Navratil:...

Continue Reading
University of Phoenix Unveils Credit for Prior Learning Advantages

Updated Category News Views 3

Navigating College Credits with Life Experience If you think school is the only place to pick up education that counts, think again. University of Phoenix is challenging this by recognizing the value of the hustle and grind working adults go through. During the recently wrapped-up National Transfer Student Week, Devin Andrews, their VP of Admissions and Evaluation, shed...

Continue Reading
Invisors Expands PayBill Suite for Staffing Efficiency

Updated Category News Views 4

Invisors Doubles Down on Workday Integration The winds of change are whispering in the Professional & Business Services sector as Invisors rolls out its enhanced PayBill Suite. This move isn't just another tick on some corporate checklist; it's a serious play to streamline the gnarly process of transitions that staffing firms face. Invisors is tying this suite tightly...

Continue Reading
Hi3D Unlocks AI 3D Model for Open-Source Innovation

Updated Category News Views 23

A New Era in 3D Model Accessibility Unless you’ve been hiding under a rock, it’s hard to miss how digital terraforming has shifted gears. With Hi3D V1.0 opening its doors, the playing field's getting a major reshuffle. Or, as they say, the table is being set, and everyone's getting a seat. By letting loose production-validated AI tools, Hi3D is throwing down the...

Continue Reading
DCK Reveals Versatile Battery-Powered Garden Tools in 2026

Updated Category News Views 19

Battery-Powered Revolution in Louisville The treadmill of lawn care just took a high-tech spin with DCK Tools strutting their stuff at Equip Exposition 2026. Unrolled at the Kentucky Exposition Center, the event from October 21 to 23 was brimming with their battery-powered wares that aim to take the grunt out of yard work. Game-Changing Range of Garden Tools DCK's decked...

Continue Reading
Beta Bionics Class Action: Critical Investor Alert

Updated Category News Views 27

An Investor's Wake-Up Call: Beta Bionics Lawsuit Folks, if you've got skin in the game with Beta Bionics (NASDAQ: BBNX), there's a storm on the horizon. We're talking big legal guns out and aimed at Beta Bionics with that class action suit looming. If you sunk some serious dough between July 30, 2025, and February 24, 2026, it's time to shake up and assess your losses....

Continue Reading
Ohas Unveils £1.5M Health Clinic in London

Updated Category News Views 4

Ohas Steps into the Healthcare Spotlight Ohas is setting its sights on the UK healthcare scene with a new clinic launching in London come January 2027. This isn’t about throwing another dull clinic into the mix. No, it’s about changing the narrative on how we handle health. Founded by health tech entrepreneur Richard Chambers and NHS GP Dr. Luke Pratsides, Ohas is...

Continue Reading

Top 5 Most Recently Viewed Articles

Significant Drop in German Wholesale Prices This September

Updated Category News Views 81

Significant Drop in German Wholesale Prices German wholesale prices experienced a notable decline of 1.6% in September, illustrating a shift in market dynamics when compared to the same period last year. This decrease was reported by the federal statistics office, emphasizing important economic trends to monitor. Understanding the Implications of Price Changes Price...

Continue Reading
Transforming Customer Interactions with AI Innovations

Updated Category News Views 211

The Growth of AI in Customer Service In recent years, Artificial Intelligence (AI) has made remarkable strides in transforming customer service, providing businesses with tools to enhance their engagement and efficiency. The AI for Customer Service market, valued substantially at USD 12.58 billion in 2024, is anticipated to skyrocket to USD 73.99 billion by 2032. This...

Continue Reading
Securities Fraud Lawsuit Filed Against FTAI Aviation Ltd.

Updated Category News Views 353

Introduction to the Class Action Lawsuit The Law Offices of Frank R. Cruz have initiated a class action lawsuit against FTAI Aviation Ltd., a company known for its presence in the aviation sector. This legal action takes place in the United States District Court for the Southern District of New York. The case, titled Shannahan v. FTAI Aviation Ltd., focuses on allegations...

Continue Reading
AKVA Group ASA Secures New Multi-Million RAS Contract

Updated Category News Views 283

AKVA Group ASA Announces New RAS Contract AKVA group ASA has recently secured a significant RAS contract from Tytlandsvik Aqua AS for the supply of two advanced post-smolt modules. This exciting development marks a pivotal moment for the company, as it aligns with its dedication to innovative aquaculture solutions. Key Details of the Contract Each of the newly supplied...

Continue Reading
Otis Worldwide Corp Reports Strong Growth and Outlook Update

Updated Category News Views 196

Otis Worldwide Corp Experience Growth in Service Segment Otis Worldwide Corp. (NYSE: OTIS) saw its shares rise as the company reported impressive third-quarter results that exceeded market expectations. This strong performance has led to an optimistic adjustment in their earnings outlook, particularly boosted by solid growth in their high-margin Service business....

Continue Reading