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Former Julius Baer Banker Gets 10 Years for Venezuelan Plot

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A former Swiss banker was sentenced to 10 years in prison for his role in a plot to launder $1.2 billion stolen from Venezuela’s state-owned oil producer, but the judge said she may reduce his term if prosecutors are satisfied with his cooperation. The banker, Matthias Krull, 45, was sentenced…

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Click here to read the full story: Bloomberg

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