https://www.live-feeds.com/feed/alex-saab-venezuelan-tied-to-maduro-pleads-guilty-in-floridaContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/alex-saab-venezuelan-tied-to-maduro-pleads-guilty-in-floridahttps://www.live-feeds.com/feed/alex-saab-venezuelan-tied-to-maduro-pleads-guilty-in-florida#u70999Wed, 16 Sep 2026 18:11:09 +0000Colombian businessman Alex Saab pleaded guilty in a Miami federal court to conspiracy to launder monetary instruments. Saab, a close associate of Venezuelan President Nicolas Maduro, admitted to his role in a corruption scheme that defrauded the Local Committee for Supply and Production welfare program. As part of the plea agreement, Saab forfeited $195 million in illicit proceeds and agreed to cooperate with US authorities. He now faces a maximum sentence of 20 years in prison.Why it mattersSaab acted as a financial frontman for the Maduro administration. This case involves the theft of funds