Ecuador’s former Comptroller General has been convicted for his role in a $10 million international bribery and money laundering scheme, according to the Justice Department Wednesday.
Carlos Ramon Polit Faggioni solicited and received more than $10 million in bribe payments from Odebrecht SA, a Brazil-based construction conglomerate, in exchange for removing fines as well as not imposing them on Odebrecht’s projects in Ecuador.
Polit also directed a member of the conspiracy to launder the scheme proceeds through the creation of fraudulent Florida companies, said the DOJ. These funds were then used to purchase and renovate Florida real estate.
Polit ...
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