A sculpture of a hand holding an oil drilling rig is pictured outside the state-run oil company Petroleos de Venezuela S.A. (PDVSA) in Caracas on February 26, 2025. US President Donald Trump announced on February 26, 2025, he will reverse the oil "concessions" granted by his predecessor, Joe Biden, to Venezuela on November 26, 2022, when Chevron was authorized to operate in the Caribbean country. (Photo by Pedro MATTEY / AFP) (Photo by PEDRO MATTEY/AFP via Getty Images)

Pedro Binaggia spent eight years as a confidential informant for U.S. federal agents, helping build a massive money-laundering case tied to Venezuela’s state oil company. Now living in Europe with his career destroyed, he says the government never delivered on promises of compensation and green cards for his family.

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FULL STORY: Informant: I endured threats to expose Venezuelan fraud, but U.S. betrayed me

Here are key takeaways:

This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists.

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This story was originally published July 25, 2026 at 6:07 PM with the headline “Venezuelan informant says U.S. broke promises after he exposed $1.2B oil fraud.”

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