The United States has confiscated more than $700mn in assets tied to Venezuela’s Nicolás Maduro, according to Attorney General Pam Bondi, El Nacional reported. 

Speaking in an interview on Fox News, Bondi described Maduro’s government as “organised crime, no different than the mafia,” and warned that its operations remain active despite the seizures.

Authorities said the assets include two private jets, luxury homes in Florida, a mansion in the Dominican Republic, a horse farm, nine vehicles, jewellery and large sums of cash. 

Bondi stressed that even with such confiscations, the network surrounding Maduro continues to function.

The developments come after Washington doubled its reward for information leading to Maduro’s arrest from $25mn to $50mn, the largest sum ever offered in a case of this kind. 

The move is part of a broader crackdown that has seen US officials label Latin American drug cartels, including Venezuela’s Cartel of the Suns, as terrorist organisations.

Senator Marco Rubio said these groups have weapons and operational reach comparable to those of military forces, extending from Venezuela into Mexico, Ecuador and Guatemala. 

White House spokeswoman Karoline Leavitt reinforced the administration’s stance, stating that President Donald Trump is prepared to use “the full power of the United States” to combat drug flows and hold Maduro accountable. 

Her remarks coincided with the deployment of three US Navy ships and 4,000 marines to Caribbean waters, alongside advanced aircraft and missile-equipped vessels.

CNN cited defence sources confirming the expanded naval presence, while Cuba condemned the operation, accusing Washington of pushing a “corrupt agenda” and demanding the Caribbean remain a “zone of peace.”