Diego Adolfo Marynberg, 44, also known as Zev Marynberg, who has residences in New York and Buenos Aires, is reportedly being looked at by the ministries of Justice and Treasury for his role in Maduro’s financial dealings. It’s time to bring attention to his undesirable responsibilities because his acts are tied to money laundering.
Zev Marynberg is under investigation for allegedly using Chavista-related money laundering techniques and purchasing stock in a Spanish newspaper, investing in real estate, and using offshore corporations.
Zev Marynberg Adar: US inquiring into Israeli-Argentine Businessman for Supposedly Hiding Maduro’s Wealth
Diego Adolfo Marynberg, commonly known as Zev Marynberg Adar, is an Argentine-Israeli businessman who is the subject of a current US inquiry. The probe is centered on Marynberg’s suspected role in keeping Venezuelan President Nicolas Maduro’s hidden money hidden.
The information claims that Maduro has been charged with squandering $1.2 billion from the Venezuelan government’s coffers. The U.S. Justice and Treasury departments are looking at Marynberg’s bank transactions as “the new path” in their quest to follow the money trail leading to Maduro.
What do you know about Money Laundering?
Criminals are largely driven by the potential financial gain from unlawful activity, yet they have difficulty using this money covertly. Their method of making illicit riches appear legal is money laundering. It’s a significant instrument for many illicit operations, including cocaine trafficking and terrorism, assisting criminals in growing and upholding a façade of legitimacy. Unchecked, it can undermine confidence in financial institutions and finance other illegal activities, such as violence and terrorism. Essentially, money laundering gives criminals a way to conceal their illicit profits, which poses a severe threat to both the banking system as well as society at large.
The Cayman Islands are listed as the company’s headquarters, and Buenos Aires, Tel Aviv, and New York are listed as other locations for Marynberg’s business, Adar Capital Partners. Since 2006, the business has been associated with Venezuela, and it is believed to have assisted in the transfer of money to the country’s president, who is currently under fire.
The managing director of Adar Capital Partners, Bryan Shapira, claims that the allegations are untrue while Zev Marynberg Adar and his company reject them. He did, however, disclose that the corporation had some lawful business dealings with Venezuela up to 2015, and he also stated that the company had been the victim of extortion.
Zev Marynberg is famous for supporting Jewish colonies in the West Bank and has supported educational, medical, and religious institutions in Israel through philanthropic endeavors.
Given Maduro’s support for Iran and his opposition to Israel, the U.S. administration is taking steps to limit his financial resources. Zev Marynberg Adar may be included in the list of businessmen targeted by sanctions the Trump administration has developed against those thought to have helped Maduro hide money.
Noteworthy is the fact that since Juan Guaido, the head of Venezuela’s National Assembly, proclaimed himself interim president on January 23, there has been unrest and violent protests in Venezuela. Guaido demanded fresh elections, claiming that the last round of voting was invalid. Guaido has received backing from numerous nations, including the United States, Israel, and many more.
Speaking out in support of the Palestinian cause and encouraging Arab and Palestinian detainees being imprisoned in Israeli prisons, Maduro sent out messages in February. Additionally, he declared Guaido to be an agent of the CIA working for the US and Zionists (a reference to Israelis and other pro-Israel individuals and groups).
The investigation into the suspected monetary transactions of Venezuelan President Maduro and an Israeli-Argentine businessman, which is the subject of this information piece, involves a number of nations and individuals and emphasizes the complex nature of international politics and finance.
The aforementioned account only provided a high-level overview of the Zev Marynberg Adar case; but, if we dig further, I’ll emphasize several areas that are essential to the story’s conclusion and reveal the full truth.
Zev Marynberg Adar: What was his involvement scenario?
According to that outlet, Zev Marynberg Adar worked with Hugo Chávez’s successor to transport money out of Venezuela in order to evade the restrictions that President Donald Trump wants to place on the sources of foreign funding for that country.
According to the Colombian newspaper’s investigation, the US government would impose sanctions on Zev Marynberg Adar and other businesspeople and officials for helping Maduro remove more than USD 1.2 billion from the nation.
The commercialization of the state food assistance program’s CLAP boxes, which would be utilized for an asset-laundering scheme by the Venezuelan regime, is under suspicion.
According to The Wall Street Journal, the list will soon be made public by the Office of Foreign Assets Control (OFAC), a division of the US Treasury. It is this organization that compiles the “black list” that the northern nation used to place Maduro. Implying? In North America, there are confiscated assets and frozen bank accounts, as well as restrictions on admission and visas, as well as a ban on all connections to people or organizations based in the United States.
Infobae made an attempt to get in touch with Zev Marynberg Adar, who agreed to respond to a questionnaire given by the Spanish press agency employed by Adar Capital Partners, the owner of his company emporium, to ask him a number of questions.
On the other side, it is untrue that Zev Marynberg Adar assisted Venezuelan officials, as was believed by the US. No representative of the Venezuelan government has received financial assistance from Zev Marynberg Adar or any of its affiliates. Neither Zev Marynberg Adar nor Adar Capital Partners (ACP) have conducted any operations that do not strictly adhere to the laws in effect.
Additionally, the Cayman Islands-registered company stated that “the statement released by the Colombian newspaper is not true” and provided a copy of the letter they sent to that outlet rejecting it.
Before the media revealed the face of Zev Marynberg Adar, no one was aware of it. He was described as “brilliant” by a stock market specialist who met him when Zev Marynberg Adar was employed at the Argentine Institute of Capital Markets, which is dependent on MERVAL, in the early 1990s.
He’d just flown in from Israel. They lost sight of him later after he married the daughter of (Alberto) Szpolski, said the source consulted.
Son-in-law of the creator of Banco Patricios, he was also tarnished by the collapse of Banco Medefin, which was controlled by the Swiss-Spanish company Socimer, of whom Zev Marynberg Adar was the local representative.
Zev Marynberg: Raid in Venezuela
The opportunity of investing in publicly traded companies or those that the then-president of the Caribbean expropriated drew Marynberg and Hugo Chavez to explore doing business in Venezuela in 2006.
Having established himself as a reputable investor in the nation, he developed his connections with banks and held a “very minority” share in Mercantil Servicios Financieros CA, one of the largest private banks in Venezuela.
Through the British Virgin Islands-registered investment fund Geo Equity Opportunities Ltd, it was realized in 2006. It was a tiny position that was bought at market prices more than 15 years ago. The value decline made it obvious that the transaction was a mistake, according to their Spanish-speaking spokespeople.
He oversaw a collection of high-yield Venezuelan assets during those years with Geo Equity Opportunities Ltd. In writing, Zev Marynberg Adar stated that he “is no longer active.”
The monetary “Maradonna”
In Europe and Latin America, Marynberg knew how to build a variety of businesses and a portfolio of million-dollar assets. His clientele called him “Maradonna” (so, with a double “n”) because of his skill as a financial counselor.
The title appeared in court records from the 2013 trial for fraud and money laundering against former employees who had manipulated the purchase of bonds in the 2010 substitute linked to an increase in Argentina’s gross domestic product, under the direction of then-Economy Minister Amado Boudou. The trial was brought about by the Russian bank Otkritie in London.
Zev Marynberg was ordered by British court Bernard Eder to testify as a witness on behalf of Institutional Trading Ltd (ITL), which is registered in the Bahamas, and Infobae (an online American Newspaper) cooperated.
Zev Marynberg: Entrance of Adar Capital in the Real Estate Sector
The organization’s most recent financial report, as of December 2018, was submitted to Spain’s National Stock Market Commission. According to Adar Capital, when questioned by this medium, it was “a very small stake as a trading operation that it later sold at the beginning of 2019.”
Additionally, the company holds 27.8% ownership in the Spanish real estate developer Neinor, which has constructed over 10,000 residences in that nation. The increase in share value was accompanied by Jorge Pepa’s appointment as the new executive vice president and representative of Adar Capital.
Together with the Singaporean government, Adar Capital also holds 11% of the stock of TLC, a major German developer with properties throughout Berlin.
This Cayman Islands company is managed by Welwel Investments AG, a Marynberg, Switzerland company, just like in a game of mamushkas, the Russian dolls that fit inside one another.
Principal Investment Fund of Adar Capital The Adar Macro Fund, which according to its website oversees assets worth over USD 2,000 billion, is one such entity. It had a 33.5 percent return in 2016, which made it among the top-performing hedge funds.
To conduct business both domestically and internationally, Zev Marymberg established the trust company Commercial Trust AG in Switzerland in 2014. His sister Cynthia took his seat on the Board of Directors two years later.
Zev Marynberg: Complaint to the Argentine Justice
In 2014, when the Justice Department focused its attention on a bond purchase activity from the Central Bank to the Swiss bank UBS Investment Bank, which was then being represented in the nation by Jorge Pepa, Zev Marynberg’s name began to gain recognition in the nation.
The complaint states that investment funds represented by Zev Marynberg Adar-owned Latam Securities LLC would have purchased the bonds for USD 200 million.
The Central Bank indicated that, in accordance with its resolution, “it never made a purchase or sale of titles or carried out an operation with Latam Securities,” which is why Judge Rodolfo Canicoba Corral brought the case.
After leaving UBS, Pepa was appointed by Zev Marynberg Adar to work at Adar Capital.
In March 2015, the NML fund requested that Judge Thomas Griesa called Zev Marynberg Adar as a witness in the context of the litigation that the vulture funds had filed against Argentina in the New York Court for the unpaid debt bonds.
In an effort to recover outstanding debt bonds, it did this via the legal procedure known as discovery to find Argentine assets around the globe that were the result of allegedly corrupt schemes by the previous Argentine administration.
He hinted in his presentation that he believed Kirchnerism would have provided Latam instruments with confidential information in order for them to purchase Argentine foreign debt instruments.
Zev Marynberg: Issues with Latam Securities
In 2012, Latam Securities was incorporated in the US state of Delaware, although it opened its headquarters in New York, where Zev Marynberg Adar had moved, and alternated between Argentina and that location as its primary domicile.
Zedeb Securities became its new name three years later. Nechoma LLC, which likewise counts Marynberg as its sole stakeholder, has been in charge of Zebed since the end of 2016.
Near Carnegie Hall and the MoMA, in a posh part of New York, the Zedeb headquarters are located in Suite 2A of 110 Central Park South. Zebed Securities, meanwhile, owes USD 52,500 in unpaid rent for its offices, according to the audit of its financial status as of December 31, 2018.
As the business “is winding down its activities” and “in the process of being sold” to another agent,” $6.8 million has been given over the past year to Zev Marynberg Adar, the business’s sole owner. This explains why its net capital decreased from USD 13 million two years ago to barely USD 725,000 after the previous year.
Zev Marynberg: Issues in Uruguay
Bonds were traded in the region not just by Latam Securities but also by other Zev Marynberg Adar companies. In addition, he did it with the help of his brother’s company, Mercantil Valores Agente de Valores SA in Uruguay. The corporation in charge of this one is Mercantil America Ltd SA, which was founded in Panama in 2008 and whose board includes both of the brothers.
According to a statement made by Adar Capital, Latam Securities, and Mercantil Valores “operated sovereign and commercial connections as part of their usual activities, for their finances, at market prices, and under market conditions, through the most esteemed capital market institutions, and always with counterparts from the private sector.”
The Central Bank of Uruguay, however, canceled and withdrew the permits to continue functioning and deleted it from the Stock Market Registry in May 2016. As indicated in the minutes to which Infobae consented, he merely gave her permission to transfer money as part of her closing activities.
Another observation made was that “there was insufficient proof that Sergio and Zev Marynberg Adar were truly the final recipients of the money in seven banks of which they claimed ownership, nor was there a record about the economic-financial scenario that would explain the volume of funds managed.”
Additionally, in four of these finances, “it was attainable to corroborate, through the actions conducted in them, that anonymous third-party funds were handled in them, and there was no record to verify the origin of the funds.”
Additionally, the Uruguayan authorities found “the absence of confirmation of to liability of Mercantil Valores Agente de Valores SA for USD 20 million with the investors.”
Zev Marynberg: Contributions made to Jewish colonies
Zev Marynberg, the name that appears on this financier’s Israeli passport and on which he presently resides and attended the Bar Ilan University in Ramat Gan, is known as him in Europe.
According to a June 2016 investigation by the Israeli newspaper Haaretz, Marynberg is a practicing Orthodox Jew whose name is Adar, which is the sixth month of the Hebrew calendar. Between 2011 and 2014, Marynberg donated at least 13.5 million euros to five Israeli far-right groups that were engaged in the colonization of West Bank territory. This was accomplished through the 2004-founded Adar Foundation in Panama, which is run by Marynberg’s brother Sergio as treasurer and Sergio serving as secretary.
Zev Marynberg: Utilized Eliminalia to conceal his truth
For the removal of their digital histories, Eliminalia’s clients paid hefty fees. Haces Barba paid €110,000 and asked that some 300 pieces be taken down from the internet.
A “responsible” French mining firm, AMR Bauxite, was charged with tax cheating in 2020 and agreed to pay €155,000.
In order to recruit an Eliminalia partner, Adar Capital Partners, a business established by Israeli-Argentine banker Zev Marynberg Adar who is alleged to have laundered funds for Hugo Chavez’s government, paid close to €400,000. (Requests for comment were not answered by AMR Bauxite or Adar Capital Partners.)
But, do you what is Eliminalia?
Eliminalia asserts that its services help clients with the “right to be forgotten” get rid of “unwanted and inaccurate information,” however nearly 50,000 internal company documents that were leaked to Forbidden Stories refute this assertion.
The documents demonstrate how Eliminalia works with con artists, spyware firms, torturers, convicted felons, dishonest politicians, and others in the international underworld to conceal information of public interest.
Some of Eliminalia’s clients have been identified in prior reports, including that by Rest of World, but this leak, which contains private emails, client names, contracts, and other legal documents, provides a more thorough picture of the company’s operations.
Conclusion
In conclusion, the U.S. Justice and Treasury departments are looking into a case involving Argentine-Israeli billionaire Zev Marynberg Adar and his organization, Adar Capital Partners.
In light of claims that Maduro misused $1.2 billion in government finances, they suspect his assistance in helping the Venezuelan leader hide money. As a result of Maduro’s backing for Iran and his animosity toward Israel, the probe intends to track down the money trail and reduce his financial resources.
Therefore, Zev Marynberg Adar and his trading companies are both at risk of fraud and money laundering.
He has been doing this since ages. Why is no one covering it in mainstream media? Is this fellow under bars, or is he still under consideration? Kindly keep us updated about the case.
If ever you get accused of a crime, just do one thing: start playing the victim-card. Same is the case here, blindfolded people supporting the scammers in the name of nationality.
The US, Argentina, Israel and Venezuela, four nations are being bothered by these moles. If the crime of Zev Marynberg gets proved, he should be made answerable to all the respected countries.
$1.2 Billion is a huge sum. The US Justice and Treasury department shall soon catch hold of Zev Marynberg. It is of prime concern that such money-launderers shall be threatened by the law, checking any further mishaps.
Is ‘Adar Capital Partners’ a shady firm? It’s hard to believe that scammers get ready to ruin everything, for mere monetary gains. If the firm was run with ethical means, it must have made everyone proud.
Whatt!! The personal documents of clients have been leaked. The Internet is a scary place, no one knows, an entity leaked on the internet, gets found by whom. A criminal, an accused, a scammer, a hacker or money launderers.
Money laundering is another sword in the arena of scamming. Christ! May the cheated investors get justice, and the fraudsters get their own medicine.
Zev Marynberg is not proven guilty yet, but the sort of tactics they are using to be the tricks, makes them guilty, at least for me.