Jonathan Barnes: Friend of Houston Socialite Pleads Guilty to Money Laundering
Jonathan Barnes, the Bellaire oil trader whose ill-gotten gains include Frank Sinatra's 1957 Caddy, pleaded guilty today to fraud and money-laundering charges, the U.S. Attorney's office announced.
Now very worried: The two other defendants who have been charged in the scheme.
Feds say the three were involved in a multimillion-dollar kickback scheme centered on LyondellBasell's operations in Venezuela.
"From January 2007 through January 2010, Barnes agreed to have [an LB subsidiary] pay approximately $82 million above market prices for shipping [oil] in exchange for millions of dollars in kickbacks from the individuals receiving the inflated payments," the feds said today.
U of H Cougars Baseball v Texas A&M Corpus Christi
TicketsWed., May. 11, 5:00pm
Rice Owls Men's Baseball vs. Florida Atlantic University Owls Baseball
TicketsFri., May. 13, 7:00pm
Houston Dynamo vs. Real Salt Lake
TicketsSat., May. 14, 7:15pm
U of H Cougars Baseball v Tulane
TicketsThu., May. 19, 6:30pm
Among the booty seized when the trio was arrested: 11 Mercedes-Benzes, two sets of diamond earrings, a "silver diamond pendant necklace," a "gold 'Cartier Roadster' watch," a silver Rolex and "a silver diamond and ruby necklace, bracelet and earrings set."
There were also luxury homes, including, according to the Houston Chronicle, one brought by Barnes for Leslie Tyler Fink, who's often the subject of talk -- either horrified or praising -- among the River Oaks set.
Swamplot gave a tour of the house, here.
Barnes agreed to forfeit $82 million, prosecutors say. He will be sentenced in June.
Get the This Week's Top Stories Newsletter
Every week we collect the latest news, music and arts stories — along with film and food reviews and the best things to do this week — so that you'll never miss Houston Press' biggest stories.