As reported last Friday by the FCPA Professor, Manual Salvoch, the former CFO of LatiNode charged in connection with payments to Hondutel, was sentenced earlier this month to ten months in prison and three years of supervised release.
‘Just like the beginning, the end of the Salvoch enforcement action also flew under the radar,’ Mike Koehler said.
Salvoch was arrested in January last year and pleaded guilty the next day. As Koehler pointed out then, the DOJ didn’t say anything publicly about the case. He was sentenced by Judge Paul Huck of the Southern District of Florida.
Three other former LatiNode executuves have been sentenced for bribing officials at Honduras’ state-owned telecommunications company.
LatiNode pleaded guilty in 2009 to one count of violating the FCPA. It agreed to pay a $2 million fine. When eLandia International Inc. acquired LatiNode in 2007, it discovered the bribery and self reported to the DOJ.