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Adviser Can’t Nix Laundering Claim In Ecuador Bribery Case – Law360

Date: Jul 2, 2019

A financial adviser must face a money laundering charge in the U.S. government’s case accusing him of funneling $3.2 million in bribes to Ecuadorian oil officials in exchange for state contracts, a Florida federal court recommended Friday.

Frank Chatburn Ripalda, a former adviser with Biscayne Capital International, had attempted to dismiss the money laundering charge on statute of limitations grounds, but he should be denied because the five-year time limit was extended while the government gathered evidence from abroad, according to U.S. Magistrate Judge Jonathan Goodman.