Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Judi Lynn

(160,217 posts)
Thu Sep 13, 2018, 12:28 AM Sep 2018

US financial adviser guilty in Ecuador bribery scheme

US financial adviser guilty in Ecuador bribery scheme
Updated 6:18 am CDT, Wednesday, September 12, 2018

MIAMI (AP) — A U.S. based financial adviser has pleaded guilty for his role in a bribery scheme involving Ecuador's state-owned energy company.

The Miami U.S. attorney's office said in a news release Tuesday that 40-year-old Jose Larrea pleaded guilty to a conspiracy to commit money laundering charge. He faces sentencing Nov. 14.

Court records show that Larrea admitted wiring more than $1 million between bank accounts to conceal bribes that were paid to officials at PetroEcuador. The bribes involved an oil services contractor who was trying to keep existing contracts and win new business.

Authorities say Larrea is the fourth person to plead guilty in the case, including the contractor and two former PetroEcuador officials. A fifth person charged in the conspiracy has an Oct. 15 trial date in Miami.

https://www.chron.com/news/crime/article/US-financial-adviser-guilty-in-Ecuador-bribery-13222948.php

(Short article, no more at link.)

LBN:
https://www.democraticunderground.com/10142156163

Latest Discussions»Region Forums»Latin America»US financial adviser guil...