A Venezuelan tycoon, his past darkened by probes, brightens his image

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Alejandro Betancourt, a power tycoon in Venezuela, is a 'target' of a U.S. investigation in Florida involving a former private wealth manager who pleaded guilty to conspiracy to commit money laundering, two people familiar with that case tell Reuters

Alejandro Betancourt won power plant contracts worth $2 billion in Venezuela. Many of those plants failed, and the deals sparked criminal probes, while Betancourt reinvented himself in Europe. Previously unreported bank, court and corporate documents show how.

 

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