Article summary
The US Department of Justice (DOJ) has announced that a businessman, Armengol Alfonso Cevallos Diaz, has been sentenced for 35 months in prison on 28 January 2021 for foreign bribery and a money laundering scheme of $4.4m which involved the Ecuador's state–owned and state–controlled oil company, PetroEcuador Officials. Diaz admitted to conspiring to conceal and promote the scheme by laundering funds though Miami-based shell companies and bank accounts used to acquire properties in Miami for the benefit of ‘certain PetroEcuador officials.’
To continue reading this news article, as well as thousands of others like it, sign in with LexisNexis or register for a free trial