Former Bank CEO Sentenced to Over 9 Years in Prison for Multimillion-Dollar Wire Fraud Conspiracy and Venezuela Sanctions Evasion Scheme

The record

Publisher

U.S. Department of Justice

Source

U.S. Department of Justice

Kind

Release

Jurisdiction

United States

Topics

Sanctions, Enforcement

Importance

Notable, the middle of three tiers Kresmion sets by fixed rules from the source's own fields

Published (source time)

2026-09-21 12:00 UTC

First seen on Kresmion

2026-09-21 13:50 UTC, 110 min after publication

The original

Link checked 2026-10-27: available.

Source: U.S. Department of Justice. U.S. Government work.

The publisher's summary

Tomás Niembro Concha, 64, a Spanish and Venezuelan national, the former chief executive officer of Nodus International Bank (Nodus Bank), a Puerto Rican international bank, was sentenced to 112 months in prison and three years of supervised release. Niembro led a scheme to fraudulently obtain at least $24.9 million from Nodus Bank and conspired to evade U.S. sanctions against Venezuela. Niembro was ordered to forfeit over $16.9 million, which represents the value of the proceeds he derived from the wire fraud conspiracy.

The publisher's words, as published.