KPMG Report: US Received Over $12B From Venezuelan Oil Exports

Cointime reports: A confidential KPMG report shows the US government received and disbursed more than $12 billion from Venezuela’s natural resource exports in the first nine months of the year. From the January 3 military intervention through September 30, the Treasury’s ‘Venezuela escrow account’ took in $12.26 billion in deposits, with the balance standing at about $170 million at the end of September. The report does not disclose the ultimate beneficiaries of the funds.