For more than three decades, Herrera Velotini has been at the helm of banking and investment firms in Venezuela and Europe. In 2009, he left his homeland in the midst of the economic crisis that occurred there and the nationalization of banks and other companies promoted by the government. Hugo Chavez Nicolas Maduro continued.

There, according to a complaint accepted to the Inter-American Commission on Human Rights, one of the institutions Herrera-Velotene runs, called Banco Real-Banco de Desarrollo, was insolvent when the banker sold his shares in 2009 to the Chavez government, which led to charges against him. According to the story in that international forum, Banco Real’s position was so bad and illiquid that once it came under government control, that country’s banking watchdog had to step in.

After Bancrédito was established in Puerto Rio, several recent publications and press reviews set up Herrera Velotene’s business in London.

Puerto Rico’s federal attorney general, Stephen Muldro, indicated Thursday that the federal attorney general’s office will begin an extradition process for the banker and his advisor, Rossini, until they respond to the charges against them.

Since 2015, Pancretito claims to have been the victim of a “capitalized” persecution by the OCIF, a situation that, according to the indictment, would have motivated Herrera-Velotene to use his influence and funds to obstruct the state regulator’s oversight work.

After repeated violations of OCIF guidelines last May, the regulator issued voluntary liquidation order from EBI, a process that is still ongoing.

Last May, Herrera Velotini’s lawyer, Luis Delgado, He refused to be his client He invested in the political campaign of Vásquez Garcid and any accusation against him related to Banco Real in Venezuela.