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.
Mr Niembro led a scheme to obtain at least $24.9 million from Nodus Bank fraudulently and conspired to evade U.S. sanctions against Venezuela. The court ordered Mr Niembro to forfeit more than $16.9 million, representing the proceeds he derived from the wire fraud conspiracy.
On March 19, Mr Niembro pleaded guilty to a two-count information charging conspiracy to commit wire fraud and conspiracy to violate the International Emergency Economic Powers Act (IEEPA).
