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Former Nodus International Bank chief executive Tomás Niembro Concha has been sentenced to 112 months in federal prison after pleading guilty to a multimillion-dollar wire fraud conspiracy and a separate conspiracy to evade US sanctions involving Venezuela. Niembro, 64, a Spanish and Venezuelan national and former CEO of the Puerto Rico-based international bank, was also sentenced to three years of supervised release and ordered to forfeit more than $16.9 million. The forfeit

Chevron has unveiled a $7 billion expansion of its Venezuelan operations, announcing plans to develop two additional oil fields in the country’s vast Orinoco Belt. The announcement came only hours after Venezuela’s National Assembly approved a separate agreement that would give Washington control over a significant portion of the country’s oil assets. The US oil giant said its new project, carried out through its joint venture with Petroindependencia, would involve the develo