Wire report
Former Bank CEO Sentenced to Over 9 Years in Prison for Multimillion-Dollar Wire Fraud Conspiracy and Venezuela Sanctions Evasion Scheme
Tomás Niembro Concha, 64, a Spanish and Venezuelan national, the former chief executive officer of Nodus International Bank (Nodus Bank), a Puerto Rican international bank, was sentenced to 112 months in prison and three years of supervised release. Niembro led a scheme to fraudulently obtain at least $24.9 million from Nodus Bank and conspired to evade U.S. sanctions against Venezuela. Niembro was ordered to forfeit over $16.9 million, which represents the value of the proceeds he derived from the wire fraud conspiracy.
coverage / Wire report
Get updates, read source context, send useful records, share the story, or support the reporting work from the reading page.
Tomás Niembro Concha, 64, a Spanish and Venezuelan national, the former chief executive officer of Nodus International Bank (Nodus Bank), a Puerto Rican international bank, was sentenced to 112 months in prison and three years of supervised release. Niembro led a scheme to fraudulently obtain at least $24.9 million from Nodus Bank and conspired to evade U.S. sanctions against Venezuela. Niembro was ordered to forfeit over $16.9 million, which represents the value of the proceeds he derived from the wire fraud conspiracy.
Check the original link, updates, and responses when a detail is contested.
Open topic or search related wording such as records, sources, agencies, dates, and locations.
What happened
According to U.S. Department of Justice’s source item, Former Bank CEO Sentenced to Over 9 Years in Prison for Multimillion-Dollar Wire Fraud Conspiracy and Venezuela Sanctions Evasion Scheme, Tomás Niembro Concha, 64, a Spanish and Venezuelan national, the former chief executive officer of Nodus International Bank (Nodus Bank), a Puerto Rican international bank, was sentenced to 112 months in prison and three years of supervised release. Niembro led a scheme to fraudulently obtain at least $24.9 million from Nodus Bank and conspired to evade U.S. sanctions against Venezuela. Niembro was ordered to forfeit over $16.9 million, which represents the value of the proceeds he derived from the wire fraud conspiracy.
Context
The development sits in VINI’s Culture file for readers following arts, entertainment, fashion, film, music, celebrity, and the business of culture. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-09-21T12:00:00+00:00.
What to watch
Open questions include whether primary sources issue follow-up statements, whether local or market impacts become clearer, and whether additional reporting changes the timeline or adds material context.
Source
Primary source: Former Bank CEO Sentenced to Over 9 Years in Prison for Multimillion-Dollar Wire Fraud Conspiracy and Venezuela Sanctions Evasion Scheme via U.S. Department of Justice. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
Keep following
This file can keep developing
vininews.com uses reader tips, public records, right-of-reply requests, corrections, and follow-up reporting to keep important stories current.
Support and subscriptions never buy coverage, placement, suppression, or corrections.
This VINI report keeps the original publisher link available and does not republish third-party article bodies without rights clearance. 1 reference listed.
Source links
- Former Bank CEO Sentenced to Over 9 Years in Prison for Multimillion-Dollar Wire Fraud Conspiracy and Venezuela Sanctions Evasion SchemeU.S. Department of Justice - 2026-09-21T12:00:00+00:00
Reader comments
Moderated discussion
Comments are open to authenticated approved accounts, screened for spam and abuse, and published only after newsroom moderation unless editors change the story control.
No approved comments yet.
Substantive, civil comments can be submitted by approved account holders.