Alex Saab Pleads Guilty to Money Laundering
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Alex Saab, a close ally of Venezuelan President Nicolás Maduro, has pleaded guilty to money laundering charges in a U.S. federal court. Saab, who served as Venezuela's Minister of Industries, admitted to conspiring to launder money and illegal financial transactions as part of a scheme involving the CLAP food program. He faces up to 20 years in prison and has agreed to cooperate with U.S. authorities, potentially providing information about other Venezuelan officials.
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