While in Puerto Rico, as of 2019, he began pulling strings to financially support former governor Wanda Vazquez Garcád’s political aspiration to turn over the office of Commissioner of Financial Institutions (OCIF), according to a federal grand indictment . Jury According to The Financial Times, in the UK, banker Julio M. Herrera Velutini has become a major donor to former Prime Minister Boris Johnson and the British Conservative Party.
According to the financial publication, since Johnson arrived at 10 Downing Street – the prime minister’s residence in the United Kingdom – around the year 2019, Herrera Velutini has donated more than half a million pounds sterling, or about $600,000, including this figure is included. Contribution about 120,000 days before the general election.
Herrera Velutini’s donation to the party of the so-called “Tories” in English was made through Britannia Financial Group, a financial services group that provides money or wealth management services and securities smuggling, among others.
Herrera Velutini holds Italian citizenship
El Nuevo Día examined UK corporate records and confirmed that Herrera Velutini founded the group under the name Helvetica Financial Group in 2016. Two years later, the firm, owned by the Venezuelan-born banker, changed its name to Britannia Financial.
Although Herrera Velutini may have been born in Venezuela in December 1971 and Britannia’s corporate records would have had her principal residence in London for nearly six years, it is indicated that the man is an economist by profession and an Italian citizen.
On 11 May, Herrera Velutini stepped down as director of Britannia Financial, shows the group’s file that Herrera Velutini’s other relatives are also directors. These include Julio Cesar and Jose Francisco Herrera.
The banker’s departure from Britannia coincides with the moment, in Puerto Rico, the alleged conspiracy that he committed against Vazquez Garsed and former federal agent Mark T. Rossini and John Blakeman and Frances M. Diaz Fosse to control regulatory processes. OCIF.
Briefly, a federal grand jury alleged that the defendant—an investor living in Puerto Rico and with the help of members of Vázquez Garsed’s team while occupying La Fortaleza—entered a pattern of bribery. In this move, the banker would pay for the services of a political adviser to the former governor and, in turn, appoint a person recommended by Herrera Velutini as the head of the OCIF, with the aim of changing the rules governing international banking institutions. Will have to change (EBI) in Puerto Rico. Above all, the indictment indicates, Herrera Velutini ordered Bancredito International Bank and Trust, an entity he founded in 2009, to take corrective measures required by the OCIF to correct a number of operational deficiencies and disclosure of suspicious transactions for money laundering. demanded to be freed to stop. to federal officials.
Last Thursday, the same day that the United States Department of Justice disclosed the allegation, Herrera Velutini resigned from the presidency of Bancredito’s directors.
That day, the Public Ministry arrested Vázquez Garcid, while it was indicated that it would begin the process for the extradition of Herrera Velutini, who is understood to be living in London, and Rossini, who according to officials in Spain. lives.
Sponsors of the Jubilee of Queen Elizabeth II
Britannia Financial was among the sponsors of the concert held in Britain to mark the 70th anniversary of Elizabeth II’s accession to the British throne, according to the Financial Times.
The Financial publication details that the allegations against Herrera Velutini put additional pressure on the British Conservative Party, which is in the primary process of defining who will succeed Johnson and whose fundraising strategy is in the hands of Ben Elliot.
Johnson, a key figure in promoting the United Kingdom’s exit from the European Union or so-called Brexit, resigned on 7 July after several controversies and, in particular, because of the so-called “Partygate”, a scandal in which Johnson is official. The residence was chosen to promote and hold several meetings and parties while restrictive measures were imposed on the population to prevent the spread of Covid-19 in that country.
According to the publication, William Benjamin (Ben) Elliott, co-president and collector of the British Conservative Party, would have brought donations to the community from people who were his clients at Hawthorne Advisors, a public relations and consulting firm co-founded by was. Elliot.
Elliott’s clients at Hawthorne are or were Britannia Financial Group, judging by the multiple press releases issued by Herrera Velutini’s company. and examined by El Nuevo Día.
Herrera Velutini has invested at least $500,000 in local politics
According to the indictment unveiled last Thursday, while attending the wedding of “Personal C” held on January 4, 2020, Herrera Velutini assured John Blakeman, a political aide to the former governor, in a text message, that he would have about $ was 2. million for his political campaign if he accepts his claims regarding OCIF.
As part of this financial support, Herrera Velutini will pay for the services of a consulting firm based in the United Kingdom. The executives of the said firm, Herrera Velutini and accused former federal agent Mark T. Rossini along with “Personal C”, met Vazquez Garsed and others at a hotel in the county on February 28, 2020.
Part of the indictment cited text messages indicating that the said services would cost the banker approximately $500,000. But in other texts sent by Rossini to British consultancy officials, it is indicated that hiring a consulting firm requires an initial payment of around £250,000 sterling (£), or about $300,000. Then, starting in March, a monthly payment of approximately £200,000 ($240,000) will be made or until a general election is held in November 2020.
According to the allegation, Herrera Velutini would have made the first payment directly to the adviser and the other payment through a political action committee or superpack, whose name is unknown.
Specifically, the indictment alleges that Herrera Velutini and Rossini made two payments as part of an alleged conspiracy to support the Vazquez Garced campaign: a $315,000 payment to a British consulting firm and another $40,000.
In view of the indictment, If Vazquez Garcid had won the primary and the British firm would have continued to advise the former governor until the general election, Herrera Velutini would have invested or helped bring down Puerto Rico’s state financial regulator, in exchange for about $1.9 million. Will be
In 2021, when Vázquez Garcid did not prevail in the political contest, Herrera Velutini contributed another $50,000 to the Superpack, which supported Governor Pedro Pierluci and was used by the authorities as an inducement to confirm the banker’s plot. .
In other words, according to the federal indictment, in particular, directly or through a third party, Herrera Velutini invested at least $400,000 through the alleged conspiracy.
In addition to that investment, El Nuevo Día also produced the Herrera Velutini . reviewed before started donating to politicians In Puerto Rico since 2016, just a year after OCIF began identifying operational deficiencies in Bancredito.
According to Federal Election Commission data, between 2016 and 2021, EBI’s parent company and Herrera Velutini-owned Bancredito Holding invested another $125,000, favoring candidates for governor of both the Popular Democratic Party and the New Progressive Party. . ,