Locked up in a jail cell at the height of a humid Florida summer, former Julius Baer banker Matthias Krull didn’t take long to crack and plead guilty to money-laundering charges.
Described by U.S. prosecutorsas a “door opener” who managed “banking activities for Venezuelan officials and kleptocrats,” the German was arrested in Miami on the evening of July 24. He stood before a federal court judge less than a month later and was released on Sept. 11 after posting $5 million bail.
Krull won’t know his fate until he is sentenced in October for his role in an illegal ...
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