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Screenshot of https://reason.com/2026/09/16/biden-pardoned-maduros-fixer-he-just-pleaded-guilty-to-new-charges-and-agreed-to-forfeit-195-million
https://reason.com/2026/09/16/biden-pardoned-maduros-fixer-he-just-pleaded-guilty-to-new-charges-and-agreed-to-forfeit-195-million

Alex Saab, Nicolás Maduro's former ally, pleaded guilty to money laundering charges, admitting to profiting $195 million from food and medicine contracts. This comes after he received a pardon from President Biden in 2023 as part of a prisoner swap.

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AI Headline
Biden Pardoned Maduro's Fixer. He Just Pleaded Guilty to New Charges and Agreed To Forfeit $195 Million.
Simplified Title
Alex Saab Pleads Guilty to New Charges After Biden Pardon
AI Excerpt
Alex Saab, Nicolás Maduro's former ally, pleaded guilty to money laundering charges, admitting to profiting $195 million from food and medicine contracts. This comes after he received a pardon from President Biden in 2023 as part of a prisoner swap.
Subject Tags
Venezuela Alex Saab Nicolás Maduro Money Laundering Corruption Biden Administration International Relations Criminal Justice
Context Type
News
AI Confidence Score
1.000
Context Details
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AI Metadata Extraction Details
Extraction Method: Automated
Extraction Date: Sep 18, 2026 12:01 AM
AI Model: gemini-2.5-flash

Source Information

Complete details about this source submission.

Domain
reason.com
Site Name
Reason
Section
Politics
Publisher
https://www.facebook.com/Reason.Magazine/
Author
César Báez
Published Date
September 16, 2026 at 8:50 PM
Overall Status
Completed
Submitted By
Donato V. Pompo
Submission Date
September 17, 2026 at 10:00 PM
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    "parsed_content": "Venezuela\nBiden Pardoned Maduro's Fixer. He Just Pleaded Guilty to New Charges and Agreed To Forfeit $195 Million.\nAlex Saab admitted to profiting from food and medicine contracts and agreed to cooperate with prosecutors.\nC\u00e9sar B\u00e1ez\n|\n9.16.2026 4:50 PM\nShare on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL\n Add Reason to Google\nMedia Contact & Reprint Requests\n (Jesus Vargas\/dpa\/picture-alliance\/Newscom)\n Listen to this article 7 min A former Venezuelan minister and longtime ally of Nicol\u00e1s Maduro, Alex Saab, pleaded guilty Tuesday in Miami to conspiring to launder money. Saab admitted to profiting from at least six food and medicine contracts by approximately $195 million in an eight-page factual proffer.\nIt is the latest turn in a story that reads like a mob movie. U.S. officials called Saab, a Colombian-born businessman, Maduro's \"bag man.\" In 2023, after being captured and extradited to the U.S., Saab received a full pardon from then-President Joe Biden amid a prisoner swap with Venezuela. Maduro welcomed him home as a hero and made him acting industry minister. Now Saab has agreed to cooperate with investigators and may even serve as a state witness against his old boss.\nUnder the plea agreement, Saab accepted a $195 million forfeiture judgment and agreed to disclose and help locate assets. He faces up to 20 years in prison. Prosecutors agreed to recommend a sentence at the low end of the applicable range and may seek a further reduction if they determine that Saab provided substantial assistance.\nPowered By10 SecBill Dudley Expects Fed to Raise Rate by 25 Bps NextStaySaab returned to U.S. custody after acting dictator Delcy Rodr\u00edguez's regime deported him to the U.S. in May. While the Venezuelan Constitution prohibits extraditing Venezuelan citizens, the regime's interior minister, Diosdado Cabello, claimed Saab's Venezuelan identity record was fraudulent or nonexistent\u2014even though Maduro's regime had issued him a passport, calling him a diplomat.\nBefore he became indispensable to Maduro, Saab was a little-known textile businessman in his native Barranquilla, a coastal city in Colombia. Former Colombian Sen. Piedad C\u00f3rdoba, an ally of Hugo Ch\u00e1vez, helped Saab gain access to Venezuela while Maduro was foreign minister, according to investigative journalist Roberto Deniz. C\u00f3rdoba has denied introducing him to Ch\u00e1vez or Maduro.\nIn 2011, a Saab company entered a large public housing deal between Colombia and Venezuela despite, according to Deniz, having no construction experience. Saab and his business partner, \u00c1lvaro Pulido, received three to four times the homes' actual construction costs, the U.S. Department of the Treasury later said. As Maduro consolidated power, Saab's business also expanded from housing into food contracts, and by 2019, a payment system involving Venezuelan oil, gold, and other natural resources.\n(PBS documentary A Dangerous Assignment traces Saab's fortune to a mansion in Barranquilla, private jets, a property on Rome's Via Condotti, and a Beverly Hills rental for his son Shadi while he pursued acting.)\nSaab's most consequential role involved CLAP, the state food program that Maduro created in 2016 amid shortages and inflation. The regime distributed boxes with groceries at subsidized prices. Most of the time, the boxes arrived late and contained poor-quality or even expired products, as Reason has previously reported. Regime officials also used access to the CLAP program to reward supporters and punish critics.\nThe journalists at Armando.info, a Venezuelan investigative outlet, were the first to expose Saab's role in the food contracts. Saab sued Deniz and three editors for defamation in 2017. Facing harassment and possible jail time, they fled Venezuela. Authorities later raided the house of Deniz's parents.\nIn 2019, the Treasury alleged that Saab and his associates won overpriced, no-bid CLAP contracts through bribes and kickbacks, then moved the proceeds through shell companies. Saab has now admitted that the conspirators used fake companies, false invoices, and false shipping records. They moved illegal payments through bank accounts in at least nine foreign jurisdictions. Senior Venezuelan authorities approved, participated in, and protected the operation, according to the factual proffer. Saab also admitted arranging millions of dollars in transfers toward $17 million in bribes and kickbacks promised to Jos\u00e9 Gregorio Vielma Mora, a former Chavista governor. The payments were tied to a 2016 contract for 10 million food boxes.\nAuthorities in Cabo Verde, an island nation off West Africa, detained Saab at the United States' request during a fuel stop in June 2020 while he was traveling to Iran. After a 16-month legal fight, Cabo Verde extradited him to Miami in 2021. That prosecution concerned an earlier housing and currency-exchange scheme in which Saab and Pulido were accused of laundering up to $350 million.\nCourt records later showed that Saab had signed a cooperation agreement with the Drug Enforcement Administration in 2018, met with agents, provided information about Venezuelan corruption, and transferred $12.5 million to an account controlled by the agency. However, he missed a deadline to surrender. After the cooperation became public, Saab's lawyer David Rivkin said the Venezuelan regime knew about the contacts and that Saab met with U.S. officials to maintain that neither he nor his companies had done anything wrong.\nIn December 2023, Biden granted Saab the full, conditional pardon. It accompanied Venezuela's release of 10 Americans, six of whom the State Department considered wrongfully detained, and 20 Venezuelan political prisoners, as well as fugitive defense contractor Leonard Francis.\nMaduro received Saab at the presidential palace in Caracas, interviewed him and his wife on his podcast, and made him president of Venezuela's foreign-investment center in January 2024. Nine months later, he appointed Saab as acting industry minister. After returning to Venezuela, Saab accepted money from earlier CLAP contracts and continued to assist and take directions from Venezuelan officials through February 2026, according to the factual proffer. That political rehabilitation ended with Maduro's fall.\nCourt documents describe one participant as \"Government Official 1A,\" one of Venezuela's highest-ranking officials. Saab admitted that the official approved and protected the scheme and used a surrogate to receive illegal payments. The document does not identify that person, but with Maduro awaiting trial in New York, prosecutors may ask Saab to testify against his former patron. Saab may also be able to tell them who Government Official 1A was.",
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Original Content
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Parsed Content
Venezuela
Biden Pardoned Maduro's Fixer. He Just Pleaded Guilty to New Charges and Agreed To Forfeit $195 Million.
Alex Saab admitted to profiting from food and medicine contracts and agreed to cooperate with prosecutors.
César Báez
|
9.16.2026 4:50 PM
Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL
 Add Reason to Google
Media Contact & Reprint Requests
 (Jesus Vargas/dpa/picture-alliance/Newscom)
 Listen to this article 7 min A former Venezuelan minister and longtime ally of Nicolás Maduro, Alex Saab, pleaded guilty Tuesday in Miami to conspiring to launder money. Saab admitted to profiting from at least six food and medicine contracts by approximately $195 million in an eight-page factual proffer.
It is the latest turn in a story that reads like a mob movie. U.S. officials called Saab, a Colombian-born businessman, Maduro's "bag man." In 2023, after being captured and extradited to the U.S., Saab received a full pardon from then-President J...

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