Home Scam/Fraud The ‘Savage Years’: Credit Suisse and Venezuela’s Toxic Bond Market

The ‘Savage Years’: Credit Suisse and Venezuela’s Toxic Bond Market

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The Suisse Secrets leak lays bare the extent of the relationship between Credit Suisse and the politically-connected Venezuelan financial sector.

Key Findings

  • Many Venezuelans in the Suisse Secrets data made their fortunes during the so-called “Savage Years,” a period of currency-based graft which would eventually help crater the country’s economy.
  • OCCRP has uncovered ties between Credit Suisse and numerous actors involved in a complex currency-swapping trade known as the permuta market. Many were implicated in highly lucrative yet illegal securities-related schemes.
  • Key…

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