US authorities confiscated Maduro's jewels, yachts, and a mansion in the Dominican Republic.
U.S. Seizes Over $700 Million in Assets Linked to Venezuelan President Nicolás Maduro
In a significant move, the U.S. government has announced the seizure of assets worth over $700 million, belonging to Venezuelan President Nicolás Maduro. The assets, which include luxury properties, vehicles, planes, jewelry, and cash, were detailed in a report released by Attorney General Pamela Bondi on a Wednesday.
The seizures consist of two multi-million-dollar jets, multiple homes, a horse farm, around nine vehicles, millions of dollars in jewelry and cash. One of the jets was purchased for $13 million via a U.S.-based front company and later transferred abroad, before being seized in a joint U.S.-Dominican operation.
Attorney General Bondi described the operation as an "organized crime" comparable to mafia activity. She labelled Maduro as "one of the world’s largest narco-traffickers," linking him to major criminal organizations like Venezuela’s Tren de Aragua, Mexico’s Sinaloa Cartel, and the Cartel de los Soles. The U.S. also announced a $50 million bounty for Maduro’s arrest, the largest it has ever offered, citing his involvement in drug trafficking and efforts to flood U.S. streets with cocaine, sometimes mixed with fentanyl.
This campaign forms part of a broader U.S. strategy to disrupt a vast transnational criminal network involving corruption, sanctions evasion, and drug trafficking, and to pressure the Venezuelan government.
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