Banker at Center of Puerto Rico Corruption Scandal Denies Guilt
- Bancredito founder Julio Herrera was arraigned in San Juan
- Herrera is accused of bribing former Gov. Wanda Vazquez
Former Governor Wanda Vazquez in San Juan, Puerto Rico, in June 2020.
Photographer: Ricardo Arduengo/AFP/Getty ImagesThis article is for subscribers only.
The Venezuelan financier in the middle of a Puerto Rican bribery scandal that led to the indictment of the island’s former governor has declared himself not guilty to a laundry list of federal corruption charges.
Julio Martin Herrera Velutini, the founder of Bancredito International Bank & Trust Corp., appeared before a judge in San Juan Wednesday. He was subsequently released on a $1 million bond and will await trial at his home in New York.