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Morgan Stanley and Interactive Brokers Face Federal Scrutiny in Venezuela Probe

Morgan Stanley and Interactive Brokers Face Federal Scrutiny in Venezuela Probe

Federal authorities are looking into two U.S. trading companies and financial advisors that managed accounts for an American businessman accused of helping a former Venezuelan minister to launder billions.

Morgan Stanley, Interactive Brokers LLC, and other financial advisory firms managed large sum accounts for Luis Mariano Rodriguez Cabello (Venezuelan businessman). He is being investigated for allegedly conspiring to conceal $2 billion from the U.S. Financial System for Rafael Ramirez, the former Venezuelan oil minister, according both people and government documents.

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