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prima:Bancrédito pays its depositors, but its liquidation remains on hold

It took customers three years to recover their money, while lawsuits involving Julio Herrera Velutini, including a dispute over works of art, continue

September 9, 2025 - 3:41 PM

Julio Herrera Velutini, owner of Bancrédito, pleaded guilty last August in federal court for the District of Puerto Rico to violations of the Federal Election Campaign Act (FECA). (Ramon "Tonito" Zayas)

Just as its founder pleaded guilty to making illegal donations to the political campaign of former governor Wanda Vázquez Garced, it has been revealed that Bancrédito International Bank & Trust Corporation has completed the payment owed to all its depositors.

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