From WaPo:

The Miami trial of a Venezuelan entrepreneur who grew rich doing business with President Hugo Chávez’s populist administration has exposed how some top government officials have profited from a corrosive web of corruption in the oil-rich country.

Kickbacks, bribes and secret payoffs have become a feature in the socialist administration, which had claimed a break from the past but instead has seen several officials implicated in multimillion-dollar corruption schemes, according to testimony and conversations taped by the FBI. The trial has also revealed the Chávez government’s determination to funnel state funds to its allies in Latin America and the lengths it will go to to keep the aid secret…

…Transcripts of the taped conversations reveal intricate details of the collaboration between Venezuelan businessmen and government officials during Venezuela’s recent oil boom as they pilfered public funds through no-bid contracts, kickbacks and secret commissions.

“It’s basically a bunch of guys in their late 30s, all of whom saw an opportunity when Chávez went into power,” said Kenneth Rijock, financial crime consultant for World-Check, a London-based firm that provides risk analysis for banks and other institutions. “They’ve been riding his coattails since, benefiting from sweetheart deals, kickbacks and other corrupt practices.”

Read the whole article. And consider, we’re about to elect a Socialist president who’s former principal financial supporter is in prison for pilfering state funds.