Alejandro Andrade

Alejandro Andrade (born 2 August 1964) is a former Venezuelan military officer and politician. A 1987 graduate of the Military Academy of Venezuela, he was appointed as minister of finance and president of Banfoandes under the administration of the then president, Hugo Chávez. Andrade, a member of Venezuela's boliburguesía, he received a ten-year sentence inn the USA for money laundering in 2018.[1]

For the Mexican footballer, see Alejandro Andrade (footballer).

Alejandro Andrade
Minister of Finance (Tesorería de la Nación)
In office
2007–2010
President of Banfoandes
In office
2009–2010
Personal details
Born (1964-08-12) 12 August 1964
Coche, Caracas, Venezuela
Political partyPSUV
ChildrenEmanuel Andrade
Alma materMilitary Academy of Venezuela

Early life

Andrade was born in the parish of Coche, located southwest of Caracas. In 1964, he graduated from the Venezuelan Academy of Military Sciences and participated in the 1992 coup d'état attempts alongside then Lieutenant Colonel Hugo Chávez. During Chávez's 1998 presidential campaign, Andrade acted as his personal bodyguard and secretary. After being elected president, Chávez appointed Andrade to be his private secretary. He was involved in numerous bureaucratic positions, all related to the finance and economical sectors since then until his relocation to the United States.[2]

In the United States, Andrade resided in a 9,000 square feet (840 m2) home on an estate in Wellington, Florida, his largest of several properties.[3]

Imprisonment

In December 2017, Andrade pleaded guilty to receiving more than a billion dollars from Raúl Gorrín, president of Globovisión channel, and others in exchange for using his position as minister of finance to adjudicate transactions in foreign exchange.[4] On 19 February 2019, he was sentenced to ten years in prison for various money laundering crimes, the biggest being a $2.4 billion money scheme.[5] Andrade surrendered to authorities in the US on 25 February 2019.[6]

References
  1. "US jails Venezuelan paid $1bn in bribes". BBC News. 27 November 2018. Retrieved 4 February 2019.
  2. "¿Quién es Alejandro Andrade, el ojo más caro del mundo?" [Who is Alejandro Andrade, the most expensive eye in the world?]. El Estímulo (in Spanish). 16 February 2022. Retrieved 25 February 2023.
  3. Musgrave, Jane (20 November 2018). "Alejandro Andrade: Feds unseal indictment that implicates Wellington-based show horse owner". The Palm Beach Post. Archived from the original on 20 November 2018. Retrieved 25 February 2023.
  4. "Alejandro Andrade, extesorero nacional de Hugo Chávez fue condenado a 10 años de prisión en Estados Unidos" [Alejandro Andrade, former national treasurer of Hugo Chávez was sentenced to 10 years in prison in the United States]. Infobae (in Spanish). 27 November 2018. Retrieved 25 February 2023.
  5. Musgrave, Jane (27 November 2018). "Alejandro Andrade: Apologetic Venezuelan who lived in Wellington gets 10 years". The Palm Beach Post. Archived from the original on 28 November 2018. Retrieved 25 February 2023.
  6. Jay Weaver (26 February 2019). "Former top Venezuelan official surrenders to U.S. prison for role in $1 billion racket". The Miami Herald. Retrieved 25 February 2023.
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