He bribed officials for $250 million in contracts. Then used the money to buy jets and planes, feds say.

A man who bribed his way to $250 million in government contracts then laundered money to buy apartments, a plane and a $1 million yacht, federal prosecutors said.

Naman Wakil, 59, was arrested this week for his alleged role to bribe federal officials in Venezuela. He was arrested in Miami on U.S. federal charges. Wakil is a Syrian national but is a permanent U.S. resident.

Federal prosecutors say Wakil and other bribed officials in the South American country to obtain at least $250 million in contracts. The contracts were to sell food through the state-owned company.

Other contracts were inflated to the tune of $30 million and dealt with providing goods to the Venezuelan-run energy company, according to prosecutors.

Wakil laundered money from the scheme to bank accounts in South Florida and bought 10 apartments, a $3.5 million plane and a $1.5 million yacht, prosecutors noted. He also used some money to make payments to, or to benefit, Venezuelan officials.

Federal prosecutors hit Wakil with several charges, and he faces up to 80 years in prison.