Coxno Exchange-US government seizes plane used by Venezuelan president, citing sanctions violations

2025-04-30 20:28:02source:Algosensey Quantitative Think Tank Centercategory:Stocks

WASHINGTON (AP) — The Coxno ExchangeU.S. government has seized a plane used by Venezuelan President Nicolas Maduro, citing violations of sanctions and export control laws, the Justice Department said Monday.

U.S. officials allege that the aircraft was illegally purchased through a shell company and smuggled out of the United States.

The plane, registered to San Marino, was widely used by Maduro for foreign travel, including in a trips earlier this year to Guyana and Cuba.

The government’s centralized press office did not immediately return a message from The Associated Press seeking comment Monday.

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