A general study of Caribbean plate tectonics is first focused on the determination of fault parameters and source processes of the Caracas (Venezuela) earthquake of July 29, 1967 (mb=6.5,M8=6.7). Synthetic seismograms which closely reproduce the observed P, SH, and Love wave seismograms were generated using generalized ray and mode theories. The results indicate a complicated faulting process, consisting of at least three separated sources aligned along a N10¿W trending 'en echelton' vertical left lateral strike slip system of three faults that ruptured from north to south, at three discrete plates with an extreme separaton of 90 km. The process of rupture progressed southward with a mean velocity of 3 km/s. The focal depths of the individual sources varied between 8 and 27.5 km. The total dislocation was calculated as 120 cm along the direction N10¿W, and the total average moment as 4¿1026 dyn cm. The multiple character of the event severely constrains the number of suitable source models that can be inferred, thus facilitating the process of inversion. Tectonic implications are briefly discussed, and local geology is successfully invoked to support the source model.