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The U.S. District Court for the Southern District of Florida sentenced a former Swiss bank executive to prison for laundering $1.2 billion worth of stolen funds from Venezuela's state-owned oil company. In addition to the ten-year prison sentence, to be followed by three years of supervised release, the Swiss bank executive was ordered to pay a $50,000 fine and a forfeiture money judgment of $600,000. According to the DOJ, Matthias Krull pleaded guilty to one count of conspiracy to commit money laundering in August 2018. As part of his plea, Mr. Krull admitted that he attracted private clients