US Offers $5M Bounty for Arrest of Venezuela’s Crypto Chief

US Offers $5M Bounty for Arrest of Venezuela’s Crypto Chief

Credit: ICE.gov

The head of Venezuela’s cryptocurrency initiative, the petro, is wanted by the U.S government on charges of corruption and links to the narcotics trade.

Immigration and Customs Enforcement (ICE) Joselit Ramirez Camacho to its Most Wanted List on Monday, accusing him of a number of violations related to international commerce and his alleged involvement in the international drug trafficking scene.

Ramirez Camacho is a public official and serves as the superintendent for Venezuela’s petro initiative, a cryptocurrency supposedly backed by the country’s oil and mineral reserves.

The superintendent is wanted by ICE’s Homeland Security Investigations (HSI) arm for violating the International Emergency Economic Powers Act and the Kingpin Act, and for breaking a series of sanctions imposed by the Treasury Department.

ICE is offering up to $5 million for any information that leads to his arrest and conviction.

Ramirez Camacho is “accused of having deep political, social and economic ties to multiple alleged narcotics kingpins, including Tareck EI Aissami,” a former vice president of Venezuela who is also by ICE on charges of money laundering and an alleged role in international narcotics trafficking.

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