Dear Victims of the Oil Holocaust:
Yesterday, Venezuela
received the most important and historic news since last January 3. The United
States Attorney's Office for the Southern District of New York, the Attorney
General, and the director of the FBI have brought charges against Maduro and his
partner in crime. They have been INDICTED for torture and human rights abuses,
and the OTHER MURDERERS will also face justice in due course.
Thus begins the process of
evaluating and punishing the human rights atrocities committed by Chavistas and
their collaborators. This "expansion of the indictment" completely
changes the process and impacts the foundations and post-Maduro narrative of
Venezuelan politics.
The judiciary has strengthened
the criminal element that we invoked in Delaware, which also contained the
ALTER EGO doctrine. PDVSA was not only an instrument of political domination,
but also of persecution and human rights violations, what can be described as a
"PETROLEUM HOLOCAUST."
This undermines the
negotiating circus, the omissions of collaborators who favored fraudulent
elections, and the shared responsibility for these crimes. By first accusing
and prosecuting the dictatorial couple, the subsequent cascade effect will not
be long in coming.
Dr. Leroy A. Garrett
Dear Victims of the Oil Holocaust:
The Petroleum Holocaust, having completed all actions
before the administrative and judicial authorities of the United States of
America—now the tutelary state of Venezuela—is carrying out a public awareness
campaign before the high Government of that tutelary state of Venezuela so that
it approves the requested trust fund (QSF), under the premise that there will
be no oil recovery in Venezuela unless the wounds are healed and the
professional contributions of the genuine Venezuelan oil meritocracy—victims of
the 2003 labor genocide—are likewise recognized.
Dr. Leroy A. Garrett
Dear Victims of the Oil Holocaust:
We would like to inform you that on April 15 and 16, we
will be participating in a hearing before the Inter-American Commission on
Human Rights (IACHR), presenting the case of the Oil Holocaust and describing
the situation our victims have endured.
This is an important step in the international process of
raising awareness and defending your rights. We will keep the community
informed of progress and any developments that arise during this time.
Dr. Leroy A. Garrett
Dear victims of the Oil Holocaust:
I would like to inform you that I have already notified
the courts and OFAC of the financial situation currently facing the Oil
Holocaust, requesting a reasonable extension to comply with the established
requirements.
It is important to note that the claims and the QSF
remain active and fully protected.
We will keep you informed of any relevant developments or
changes in the process.
Thank you for your support and trust.
Dr. Leroy A. Garrett
1. OFAC (Office of Foreign Assets Control)
This body holds all cases filed across the various U.S.
courts, including the challenges to the Citgo sale process led by Judge Stark
and Special Master Pincus. It also addresses PDVSA Ad Hoc Board’s omission
regarding workers under the Alter Ego doctrine.
Pending Management Review & Active
Actions: Our specific license petition (Case ID:
VENEZUELA-EO13850-2025-1395693-1, filed September 2025) is under active
management review. Today we filed a formal supplement attaching the newly
docketed Delaware motions (Stark Doc. 2658 and Hall Doc. 72), OFAC General
Licenses 52 and 5V (March 18–19, 2026), and the UN Human Rights Council
statement (Volker Türk, March 16, 2026). GL 52 directs PDVSA revenues into
Treasury-controlled Foreign Government Deposit Funds, while GL 5V extends
protection for the 2020 8.5% bondholders until May 5, 2026.
What we are doing to ensure QSF: We
are explicitly requesting a specific license allocating 5% of the Foreign
Government Deposit Funds (generated under GL 52) to a court-supervised
Qualified Settlement Fund for the 23,000 purge survivors. This creates a
direct, safeguarded revenue mechanism that complements the Citgo sale without
disruption.
2. Delaware Court (Judge Stark – Case
1:17-mc-00151-LPS)
Selection of Amber as trustee / Citgo auction: Amber
Energy (affiliated with Elliott) submitted a bid for Citgo’s parent company
(PDV Holding) of approximately US$ 5.9 billion, with a collateral agreement to
pay US$ 2.1 billion to the holders of the PDVSA 2020 bonds.
Major Breakthrough: The
Court has formally docketed our Emergency Motion to Lift the Docket Access
Restriction (previously vetoed) as Document 2658 (March 17, 2026).
What we are doing to ensure QSF:
Today we filed a supplement to Doc. 2658 highlighting the dual docketing with
the Hall case (Doc. 72), the new OFAC GLs 52 and 5V (which protect bondholders
while generating Treasury funds), and the equity argument that commercial
creditors cannot receive sanctions relief while victims are excluded. We are
requesting expedited briefing, partial veto lift, and a decree establishing the
Qualified Settlement Fund with a proposed 5% set-aside from the same
safeguarded revenues. Dr. Garrett appeared in court on October 20, 2025; the
process is now accelerating.
3. Court Judge Hall (Case
1:24-cv-00380-JLH)
Review of the case requesting acceptance of natural
creditors under the Alter Ego doctrine.
Major Breakthrough: The
Court has formally docketed our Motion for Joinder/Substitution of the Delcy
Rodríguez government as Document 72 (March 17, 2026).
What we are doing to ensure QSF:
Today we filed a supplement to Doc. 72 tying the joinder request to the Stark
motion (Doc. 2658), the new OFAC GLs 52 and 5V (which accommodate bondholders
while creating Treasury funds), and the need to certify QSF issues to Judge
Stark. We are requesting joinder of the recognized government and expedited
coordination for a 5% victim set-aside, ensuring commercial debt does not
displace human-rights claims.
4. Court of Appeals (Third Circuit – Lead
Case 25-3347 and related appeals)
Motions submitted questioning malpractice by both Judge
Stark and Special Master Pincus, including lack of transparency and crossed-out
documents.
Updated Status: Multiple supplements have been filed
under FRAP 28(j).
What we are doing to ensure QSF:
Today we filed a new FRAP 28(j) supplement highlighting the dual Delaware
docketing (Stark Doc. 2658 + Hall Doc. 72) and the new OFAC GLs 52 and 5V
(which protect bondholders while generating Treasury funds). We are urging
remand for equitable QSF allocation, arguing that sanctions relief to
commercial creditors requires parallel relief for victims under the alter ego
doctrine (Crystallex, 932 F.3d 126).
5. IACHR (Inter-American Commission on Human
Rights)
Registration of the case of the 23,000 survivors of the
PDVSA purge in Venezuela (File: MC-1393-25).
Updated Status:
Recent supplements incorporate dual Delaware docketing and the new OFAC
licenses.
What we are doing to ensure QSF:
Today we filed a supplemental update attaching the docketed motions (Stark Doc.
2658 + Hall Doc. 72), OFAC GLs 52 and 5V (creating revenue streams for
reparations), and the UN Human Rights Council statement (Volker Türk, March 16,
2026). We are urging expedited precautionary measures to guarantee victim
inclusion in the Qualified Settlement Fund during the U.S.-led transition
process.