- Associated Press - 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.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide