https://www.justice.gov/opa/pr/two-bank-executives-charged-conspiring-launder-hundreds-millions-dollars-through-us-financial

Two Bank Executives Charged for Conspiring to Launder Hundreds of Millions of Dollars Through U.S. Financial System in Connection with Odebrecht Bribery and Fraud Scheme

An Austrian man was arrested today in the United Kingdom on criminal charges related to his alleged participation in a conspiracy to launder hundreds of millions of dollars through the U.S. financial system as part of a scheme to pay bribes around the world and defraud the Brazilian government.

The indictment unsealed today was previously returned by a federal grand jury in Brooklyn, New York, and charges Peter Weinzierl, 55, and Alexander Waldstein, 73, both of Austria, for their role in a massive money laundering scheme involving Odebrecht S.A. (Odebrecht), a Brazil-based global construction conglomerate. Weinzierl was arrested today in the United Kingdom pursuant to a provisional arrest request from the United States. Waldstein remains at large.

Weinzierl served as chief executive officer and Waldstein as officer of an Austrian bank, and both served as board members of an Antiguan bank. According to the indictment, between approximately 2006 and 2016, Weinzierl and Waldstein conspired with Odebrecht and others to launder money in a scheme to defraud Brazil’s tax authority of more than $100 million in taxes and to create off-books slush funds used by Odebrecht to pay hundreds of millions of dollars in bribes for the benefit of public officials around the world.

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The Kleptocracy Asset Recovery Initiative in the Criminal Division’s Money Laundering and Asset Recovery Section was formed to prosecute money launderers and forfeit the proceeds of foreign official corruption and, where appropriate, to use those recovered asset to benefit the people harmed by the corruption and abuse of office.