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Where’s the $12 Billion Extracted by the Trump Regime From Venezuela?

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Where’s the $12 Billion Extracted by the Trump Regime From Venezuela?

The U.S. has collected about $12 billion from Venezuela’s natural resource exports since President Donald Trump ordered the kidnapping of that country’s leader, Nicolas Maduro, back in January. The $12 billion number comes from a confidential report by the financial services firm KPMG, which was obtained by the New York Times.

The “vast majority” of that money was apparently distributed back to Venezuela, according to the Times, but perhaps the most important sentence in the entire article comes in the second paragraph: “It is unclear if the money stayed in the country or who the ultimate recipients were.”

The KPMG report was compiled for the U.S. government about the so-called “Venezuela Custody Account” run by the U.S. Treasury Department to handle money being extracted from the country. The account was initially set up to operate from Qatar, a country from which President Donald Trump received a luxury jet worth about $400 million in 2025. After an outcry from Democrats and ethics experts, an account was established at Citibank in New York.

The kidnapping of Maduro and extraction of so much wealth from a sovereign country are clear violations of international law, but when you’re the U.S. government, there’s not exactly anyone to stop you. This new KPMG report appears to be light on information, according to the Times, falling well short of a proper audit. The U.S. State Department had previously promised Congress that quarterly audits would be taking place, according to House Democrats.


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