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Son of Former Angolan President Convicted in $500 Million Fraud

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Angola’s Supreme Court convicted the son of the former president and the previous governor of the central financial institution of embezzling $500 million from the country’s central financial institution in 2017.

José Filomeno dos Santos was sentenced to five yrs in prison Friday for collaborating in a convoluted plot to defraud the Nationwide Financial institution of Angola in the remaining weeks of his father’s 38-calendar year rule of the southern African country.

The…

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