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Ecuador Political News

Businessman Gets 3 Years For Role In PetroEcuador Bribes

A Florida federal judge sentenced an Ecuadorian businessman living in Miami to just under three years in prison Thursday for his role in a $4.4 million bribery and money laundering scheme that involved paying off officials of Ecuador’s state-owned oil company through a shell company in Florida.

U.S. District Judge Rodney Smith varied downward significantly from the recommended guidelines of 108 to 135 months in handing down a 35-month sentence for Armengol Alfonso Cevallos Diaz, 58, who pled guilty in January 2020 to one count of conspiracy to violate the Foreign Corrupt Practices Act and one count of conspiracy to commit money laundering.

As part of the sentence, Cevallos will also have to serve three years of supervised release and has agreed to be deported following his prison term. The judge also imposed a $35,000 fine.

To read the full story on Law 360, click here.



#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.
The @WSJ sums this case up nicely, “[Steven Donziger] and his team fabricated evidence, promised $500,000 to an #Ecuadorean judge to rule in their favor, ghostwrote much of the final verdict and took other actions that ‘perverted’ the course of #justice. Mr. Donziger disputes the…
Shameless. Disbarred and convicted of criminal contempt of court for bribing an Ecuadorian judge in an attempted extortion scheme, @SDonziger is nonetheless accepting invitations to speak at #climate rallies. Read more about this adjudicated racketeer:
Sworn testimony: While Texaco met its environmental obligations in the Amazon, #Ecuador’s national oil company did “absolutely nothing” to address its own remediation in the area. #FactsMatter:
DENIED: @SCOTUS rejects hearing case of Steven Donziger, who bribed Ecuadorian judge in failed effort to bilk Chevron for billions of dollars.

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