QSF Priority
My Commitment to Supporters Amid OFAC Advocacy
Friends and Allies,
Today, February 22, 2026, I’ve submitted a key
supplemental to OFAC (Docket OFAC-2025-CITGO-SALE) promoting the Qualified
Settlement Fund (QSF) as the first-priority vehicle for any humanitarian
carve-outs from Citgo proceeds or Venezuelan oil revenues. This honors my
pledge to you—our dedicated supporters—who have enabled this fight against the
Chavista regime’s abuses (purges, Tascón List, confiscated funds since
2002-2003).
With recent OFAC GL
amendments risking premature investments without safeguards, and my amicus
brief in the Third Circuit highlighting sale defects, the QSF ensures verified
victims get relief first. Structure includes independent oversight and pro rata
distributions—aligned with U.S. policy for the “Venezuelan people.”
Thank you for your trust.
Stay engaged—victory is near!
Dr. Leroy Garrett
QSF
Representative
Qualified Settlement Fund (QSF)
What is
QSF?
• It is a court-supervised fund to distribute money from the sale of Citgo
assets, a company linked to PDVSA, among the victims of the strike.
• It aims to help thousands of affected people worldwide, including those in
Venezuela, the United States, Colombia, Spain, and other countries.
• The fund will ensure that everyone receives a fair share, without those who
claim first exhausting the available money.
What happened during the 2002–2003 strike?
The strike
halted almost all oil production in Venezuela, causing mass layoffs (around
18,000–19,000 workers), fuel shortages, health problems, and forced migration.
If you were affected, you have the right to compensation.
How will the Fund work?
1. First step (coming soon): The court will decide whether to
approve the fund.
2. Notification (within 90 days): We will inform you how to file
your claim, using notices in Spanish and English through organizations,
consulates, social media (such as X), and a website.
3. Claims: You can submit a simple application, with a document
(Power of Attorney, Notarized, awaiting instructions via email) confirming your
damage (for example, job loss or health problems).
4. Distribution: The money will be fairly divided among all
approved claimants, with a process to review claims over 10 years if late
damages arise (such as health problems).
Why is this fund important?
This plan
seeks justice for victims worldwide, ensuring that no one is left without
compensation due to the limited amount of money available. We are asking the
court to form a special group (commission) to plan how the fund will operate
fairly.