World
Who is Alejandro Betancourt, the controversial figure Trump tapped to lead Venezuela oil?
Alejandro Betancourt, a controversial Venezuelan billionaire who amassed wealth under Hugo Chavez and faced money-laundering probes, has been chosen by the Trump administration to lead a new U.S.-backed oil venture in Venezuela. The deal, announced Friday, gives the U.S. control over a major share of the country's oil reserves and a 35% passive stake in Betancourt's company, NABEP.