Two Ecuador citizens living in Florida were indicted for an FCPA conspiracy and money laundering in an expanding prosecution involving bribery at Ecuador’s state oil company.
A U.S.-based financial advisor pleaded guilty Tuesday for helping launder money used to bribe officials at Ecuador’s state energy company.
Jose Larrea, 40, a U.S. citizen living in Miami, pleaded guilty to one count of conspiracy to commit money laundering.
Larrea is the fourth defendant to plead guilty in the case.
The others are two former officials of Empresa Pública de Hidrocarburos del Ecuador or PetroEcuador who took bribes, and a contractor who helped pay the bribes.… Continue Reading