Later Career
After the end of his presidency Lusinchi was appointed as Senator for life, as permitted by the 1961 constitution. From 27 March 1990 Lusinchi was subject of a parliamentary inquiry, by a corruption scandal of huge proportions during his government. Accused for the use of influences at the currency exchange, through the financial Regime of Preferential Currency Change (RECADI), the management of funds of the Foreign Affairs Ministry, the purchase of 65 off-road vehicles to be used for the 1988 Electoral Campaign of Acción Democrática with money from a presidential discretionary fund, the diversion of some funds from the National Institute for Racetracks (INH), and for being suspect, in August, 1993, of sending mail bombs, sent by anonymous persons to the Supreme Court with the purpose of intimidation.
In November, 1991, the Venezuelan Congress issued a "political and moral condemnation," without criminal referrals, against the former president, for his responsibility for economic mismanagement and administrative irregularities during his government. On 10 August 1993, while the public attention was dominated by the legal and political troubles of Carlos Andrés Pérez, the Supreme Court, after finding evidence of crime in the charges filed against Lusinchi, provided by the Attorney General's Office, started the proceedings.
On 13 August, Lusinchi was stripped of his senatorial immunity, and is prohibited by a judge from leaving of country. Lusinchi responded by, flying to Miami and then to Costa Rica, where meets with Blanca Ibañez, who in September, 1991, became his wife in a wedding held in New York City, after obtaining the divorce from Gladys Castillo. On July, 1994 and February, 1997, charges were declared prescribed by a court, the trials opened against the former president for the use of funds from the Department of Foreign Affairs and the National Institute for Racetracks (INH), but in October, 1999 the Supreme Court reversed both decisions. However, although the process was reopened, the corruption charges expired.
In addition, in June 2006, the former president, seven former officials of his government and 38 retired officials of the DISIP were accused at the 6th control court of Yaracuy, by relatives of the victims of the Yumare massacre. Jaime Lusinchi lives in self-imposed exile at the city of Miami.
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