The secret history of Trump's Venezuelan oil baron
Summary
President Donald Trump made a deal involving Venezuelan oil, working closely with businessman Alejandro Betancourt, who has a long history of supporting U.S. efforts against Venezuela's leader Nicolas Maduro. Betancourt helped the U.S. government gain access to Venezuela’s oil fields and played a key role during the attempt to remove Maduro from power.Key Facts
- Alejandro Betancourt is in charge of an oil company partnering with the U.S. military to access Venezuela’s oil.
- Betancourt helped U.S. officials understand Venezuela’s political situation and talked privately with Venezuelan leaders.
- He was in contact with Mauricio Claver-Carone, a key Trump adviser on Venezuela.
- On January 3, when the U.S. removed Maduro, Betancourt was communicating with Venezuelan officials to manage the transition.
- Betancourt’s ties to the U.S. began during Trump’s first term, supporting opposition leader Juan Guaidó against Maduro.
- Maduro survived the U.S. backed efforts, later arresting Betancourt and seizing his assets.
- Betancourt faced a $1.2 billion money-laundering investigation linked to family members in Miami.
- Rudy Giuliani, Betancourt’s attorney, met Justice Department officials to defend him during the investigation.
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