Julio M. Herrera Velutini (Amended)

Herrera Velutini, a Venezuelan-British billionaire banker, was originally indicted in 2022 on seven felony counts of bribery, conspiracy, and honest services fraud. Prosecutors alleged he funneled $300,000 in contributions to a super PAC supporting former Puerto Rico Governor Wanda Vázquez Garced's reelection campaign in exchange for her pledge to remove a senior Puerto Rico banking regulator who was scrutinizing his bank, Bancredito International Bank. Under a plea agreement, the felony charges were dropped and Herrera Velutini pleaded guilty to a single federal misdemeanor count: making a contribution by a foreign national, a violation of the Federal Election Campaign Act's prohibition on foreign nationals contributing to U.S. political campaigns. Trump issued an amended pardon on January 20, 2026, before any sentence was imposed, and the case — United States v. Julio Herrera Velutini, No. 3:25-cr-297 — was dismissed in its entirety by Judge Silvia L. Carreño on January 27, 2026.