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Ecuador Political News

Miami financial adviser gets 31/2 years for bribing PetroEcuador officials- Miami Herald

Petroecuador

A Miami financial adviser was sentenced to three and a half years in prison Wednesday for paying bribes through the U.S. banking system to officials in Ecuador’s national oil company.

Frank Roberto Chatburn Ripalda also funneled kickbacks to one PetroEcuador official that were paid by the Brazilian construction giant Odebrecht, federal prosecutors said.

Chatburn, who has American and Ecuadorean citizenship, apologized to U.S. District Judge Marcia Cooke before she punished him for using the U.S. financial system to launder money to promote foreign bribery schemes and hide the illegal payments to government officials in Ecuador.

To read the full article on Miami Herald, click here.

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