Julio Herrera Velutini

Julio Herrera Velutini is a Venezuelan-British banker and entrepreneur with a long-standing family legacy in banking, dating back to the 14th century in Spain. He is the founder of Britannia Financial Group and has held various leadership roles in international banking, including chairmanships of banks in Puerto Rico and Europe (Wikipedia; Wikitia). Regarding scandals and legal issues, there are notable developments in recent years. In August 2025, Herrera Velutini's attorney announced the dismissal of all major criminal charges filed against him by the U.S. Department of Justice, including conspiracy, federal program bribery, and honest services wire fraud. The case was reduced to a minor technical violation related to campaign finance, and Herrera Velutini acknowledged responsibility for a single infraction, with all serious allegations withdrawn (PR Newswire). Previously, in August 2022, Herrera Velutini faced charges in Puerto Rico related to bribery and honest services wire fraud, allegedly involving an attempt to influence the investigation of his bank, Bancredito International Bank & Trust. He pleaded not guilty and was held on a $1 million bond (Financial Post). The case drew media attention, but as of 2025, the U.S. charges have been fully dismissed, with the legal proceedings concluding in his favor (PR Newswire; Third News). There are no publicly reported convictions or findings of guilt against Herrera Velutini related to these allegations, and he maintains his reputation as a prominent figure in the banking industry.