REUTERS/Rick Wilking

Miami professor requests light sentence in Venezuela money laundering case

NEW YORK, Nov 10 (Reuters) – A College of Miami professor who has pleaded responsible to U.S. costs he helped launder funds from Venezuela on behalf of businessman Alex Saab has requested a lenient sentencing due to his in poor health well being and superior age, court docket data present.

Bruce Bagley, who studied drug trafficking and arranged crime in Latin America as a tutorial, was arrested in November 2019 on costs he obtained $2.5 million in deposits from financial institution accounts in Switzerland and the United Arab Emirates that have been embezzled from Venezuela, and that he retained a fee.

Manhattan federal prosecutors stated in a Tuesday court docket submitting that these funds got here from abroad corporations managed by Saab, a Colombian businessman near Venezuelan President Nicolas Maduro who was extradited to Miami final month on money laundering costs.

Bagley, 75, pleaded responsible in June of final yr. His attorneys requested in a Tuesday submitting that he be sentenced to time served.

“It is altogether reasonable to predict that he will never be a repeat offender,” his attorneys wrote.

Prosecutors stated Bagley ought to be incarcerated, arguing he has not proven “serious remorse”, however nonetheless really useful a sentence beneath steering of 46-57 months. A sentencing listening to is scheduled for Nov. 16.

Saab’s legal professionals have stated he’ll plead not responsible to the U.S. costs, and argue that Saab was a Venezuelan diplomat entitled to immunity.

His case has drawn consideration as a result of Saab has emerged in current years as a key dealer in serving to Caracas bypass U.S. sanctions to import items. Washington labels Maduro a corrupt dictator who has violated human rights and overseen his nation’s financial collapse.

Maduro says the US needs to oust him to manage Venezuela’s oil reserves.

Reporting by Luc Cohen in New York; Modifying by Angus MacSwan

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