Antonio Luis Gonzalez Morales, a Venezuelan oil trader with deep ties to the Maduro regime, is emerging as the “new Alex Saab”, a key figure in laundering illicit Venezuelan wealth. Like Saab, who built his fortune through Venezuela’s oil-for-food programs, Gonzalez Morales profits from sanctioned oil trade while channelling his gains through extensive real estate operations in the United States, all in broad daylight.
Over the years, Gonzalez Morales has quietly built a vast real estate network in Florida using a web of proxies and shell companies. Gonzalez Morales uses his maternal cousins, Gilberto, Sylvia, and Ingrid Morales, as trusted fronts. Corporate records show that the Morales siblings have managed at least eight of Boord’s companies since 2013.
In 2019, Ingrid and Sylvia Morales, alongside Boord, sold Florida properties for USD 33 million. In 2020, a luxury condo, owned via Boord’s Ocean 908, LLC and managed by Ingrid, sold for USD 5.8 million. These transactions enabled Gonzalez Morales to recover millions legitimately, among others that remain unidentified.
The scheme goes deeper and continues to expand. Public filings reveal a long list of Florida entities linked to the group. In August 2024, Gonzalez Morales formed yet another company in the state, PHI Investments LLC, this time under the name “Luis Gonzalez,” with his cousin Sylvia now in charge of the company.
With mounting evidence, Gonzalez Morales may soon face the same legal reckoning as Alex Saab, except this time, the operation is happening inside U.S. borders and by a U.S. person in direct violation of US sanctions law.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy
