Arab Press

بالشعب و للشعب
Friday, Nov 07, 2025

Venezuelan tycoon shields US fortune from FARC rebel victims

Venezuelan tycoon shields US fortune from FARC rebel victims

An appeals court overturned a Florida federal judge’s order seizing the U.S. fortune of a sanctioned Venezuelan billionaire with alleged cartel ties to satisfy a $318 million judgment for the American victims of a Colombian terrorist kidnapping.
Samark López is one of Venezuela’s most powerful businessmen, with close ties to that country’s socialist government. He has been indicted in New York for allegedly violating sanctions freezing his sizable wealth in the U.S., including yachts, aircraft, luxury real estate in Miami and a $269 million Citibank account

The ruling Tuesday by the 11th U.S. Circuit Court of Appeals rejected a 2020 order by Judge Robert Scola of Miami awarding those blocked assets to three former American defense contractors held for years by the Revolutionary Armed Forces of Colombia to satisfy an earlier judgment against their former captors, a U.S.-designated terrorist group.

López has long denied any links to the FARC. With testimony from Dick Gregorie, a former prosecutor who has put hundreds of narcos behind bars, including Gen. Manuel Noriega of Panama, his attorneys argued that the U.S. government and the plaintiffs hadn’t produced any evidence linking López even indirectly to the rebels.

The argument persuaded the appeals panel, which returned the case to the lower court and ordered that Lopez’s frozen assets can only be disbursed to the FARC victims if a jury concludes that a relationship exists.

In a unanimous opinion, appellate Judge Adalberto Jordan likened the allegations against López to a popular parlor game, Six Degrees of Kevin Bacon, which involves linking the Hollywood star to other actors via their roles in six films or less.

“Common sense indicates, however, that the more attenuated the link the more difficult it will be to prove,” said the ruling by the three-judge panel, which has not been previously reported. “This evidence, viewed collectively and taken in the light most favorable to the López appellants, created material issues of fact as to whether Mr. López and his companies were agencies or instrumentalities of the FARC.”

López’s legal problems in the U.S. stem from his 2017 designation as a narcotics kingpin alongside his close friend, Tareck El Aissami, Venezuela’s powerful oil czar. The U.S. at the time accused López of being El Aissami’s frontman to hide proceeds from multi-ton cocaine shipments when he served as interior minister and governor of Aragua state.

The FARC wasn’t mentioned by name when López and El Aissami were sanctioned and the only known criminal charges against the two men is for allegedly chartering private flights in the U.S. in violation of sanctions, not drug trafficking.

At a hearing in February in Miami, López’s attorney, Adam Fels, argued that much of the evidence against his client was hearsay and at a minimum he deserved a trial before his assets were divvied up to victims of a crime that didn’t even take place in Venezuela.

In 2012, a federal judge in Florida awarded Keith Stansell, Marc Gonsalves and Thomas Howes $318 million to be paid from bank accounts and assets seized from individuals linked to the FARC.

But the men had mostly been unable to collect until President Donald Trump signed into law in 2018 the Anti-Terrorism Clarification Act, which enabled victims of terror groups to attach assets already blocked by the U.S. government under the drug kingpin act.

The three former Northrop Grumman employees were taken captive by guerrillas when their airplane crash landed due to engine trouble during a drug-monitoring flight in 2003. Their pilot, Tom Janis, was killed by the rebels
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
MrBeast’s ‘Beast Land’ Arrives in Riyadh as Part of Riyadh Season 2025
Cristiano Ronaldo Asserts Saudi Pro League Outperforms Ligue 1 Amid Scoring Feats
AI Researchers Claim Human-Level General Intelligence Is Already Here
Saudi Arabia Pauses Major Stretch of ‘The Line’ Megacity Amid Budget Re-Prioritisation
Saudi Arabia Launches Instant e-Visa Platform for Over 60 Countries
Dick Cheney, Former U.S. Vice President, Dies at 84
Saudi Crown Prince to Visit Trump at White House on November Eighteenth
Trump Predicts Saudi Arabia Will Normalise with Israel Ahead of 18 November Riyadh Visit
Entrepreneurial Momentum in Saudi Arabia Shines at Riyadh Forward 2025 Summit
Saudi Arabia to Host First-Ever International WrestleMania in 2027
Saudi Arabia to Host New ATP Masters Tournament from 2028
Trump Doubts Saudi Demand for Palestinian State Before Israel Normalisation
Viral ‘Sky Stadium’ for Saudi Arabia’s 2034 World Cup Debunked as AI-Generated
Deal Between Saudi Arabia and Israel ‘Virtually Impossible’ This Year, Kingdom Insider Says
Saudi Crown Prince to Visit Washington While Israel Recognition Remains Off-Table
Saudi Arabia Leverages Ultra-Low Power Costs to Drive AI Infrastructure Ambitions
Saudi Arabia Poised to Channel Billions into Syria’s Reconstruction as U.S. Sanctions Linger
Smotrich’s ‘Camels’ Remark Tests Saudi–Israel Normalisation Efforts
Saudi Arabia and Qatar Gain Structural Edge in Asian World Cup Qualification
Israeli Energy Minister Delays $35 Billion Gas Export Agreement with Egypt
Fincantieri and Saudi Arabia Agree to Build Advanced Maritime Ecosystem in Kingdom
Saudi Arabia’s HUMAIN Accelerates AI Ambitions Through Major Partnerships and Infrastructure Push
IOC and Saudi Arabia End Ambitious 12-Year Esports Games Partnership
CSL Seqirus Signs Saudi Arabia Pact to Provide Cell-Based Flu Vaccines and Build Local Production
Qualcomm and Saudi Arabia’s HUMAIN Team Up to Deploy 200 MW AI Infrastructure
Saudi Arabia’s Economy Expands Five Percent in Third Quarter Amid Oil Output Surge
China’s Vice President Han Zheng Meets Saudi Crown Prince as Trade Concerns Loom
US and Qatar Warn EU of Trade and Energy Risks from Tough Climate Regulation
AI and Cybersecurity at Forefront as GITEX Global 2025 Kicks Off in Dubai
EU Deploys New Biometric Entry/Exit System: What Non-EU Travelers Must Know
Ex-Microsoft Engineer Confirms Famous Windows XP Key Was Leaked Corporate License, Not a Hack
Israel and Hamas Agree to First Phase of Trump-Brokered Gaza Truce, Hostages to Be Freed
Syria Holds First Elections Since Fall of Assad
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
UK, Canada, and Australia Officially Recognise Palestine in Historic Shift
Dubai Property Boom Shows Strain as Flippers Get Buyer’s Remorse
JWST Data Brings TRAPPIST-1e Closer to Earth-Like Habitability
UAE-US Stargate Project Poised to Make Abu Dhabi a Global AI Powerhouse
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Kuwait opens bidding for construction of three cities to ease housing crunch.
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
×