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  Venezuelan Oil Company Sues Miami Ex-Congressman Over $50 Million Deal
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Last Edited123NY  May 15, 2020 09:36pm
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AuthorPatricia Mazzei
News DateThursday, May 14, 2020 03:00:00 AM UTC0:0
DescriptionMIAMI — Venezuela’s state-run oil company was on the verge of financial ruin in 2017 when it decided it needed expert advice on how to improve its reputation and standing with American policymakers who could be instrumental to its survival.

For help, the company, Petróleos de Venezuela, S.A., or PDVSA, turned to a well-connected former Florida congressman, agreeing to pay his firm $50 million over three months for “strategic consulting services.”

The ex-congressman was David Rivera, a Cuban-American Republican from Miami who made a political career out of taking strident anti-communist stances — and was now being hired by President Nicolás Maduro of Venezuela’s socialist government.

As part of the previously undisclosed deal, a subsidiary of a PDVSA holding company in the United States says it shelled out $15 million to Mr. Rivera’s consulting firm. It received just two vague reports totaling five pages in return, according to a lawsuit for breach of contract filed on Wednesday in the United States District Court in Manhattan.
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