Claudio Osorio

Who is Claudio Osorio?

Claudio Osorio, born November 16, 1958, is a Venezuelan entrepreneur and businessman based in Miami, Florida. He rose to prominence in the late 1990s due to the expansion of his company CHS Electronics, formerly a leading international distributor of microcomputers, peripherals, and software that went bankrupt after accounting scandals. The next company Osorio founded Innovida, also went through receivership and, ultimately, bankruptcy. Osorio is facing five separate lawsuits for fraud. Investors claimed that millions had disappeared from Innovida's accounts. He and his wife, Amarilis, are accused of defrauding a charitable effort to build homes in Haiti after the 2009 earthquake. Osorio filed for bankruptcy in 2011. In December 2012, Osorio was arrested and charged with running a $40 million fraud. In 2013 he was sentenced to 12 1/2 years in jail for fraud.