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Oil Trader’s Atty Says No Plea Talks Yet In Ecuador Bribe Rap- Law360

Petroecuador

A Texas oil trader pled not guilty Friday in Brooklyn federal court to charges that he paid $870,000 in bribes from his former firm, Vitol Group, to former Ecuadorian officials in exchange for business including a $300 million fuel contract — and his lawyer shook off a prosecutor’s overture to begin plea talks.

At a telephone arraignment before U.S. Magistrate Judge James Orenstein, 46-year-old Javier Aguilar of Houston denied charges of conspiring to violate the Foreign Corrupt Practices Act and to launder money. He received a tentative Oct. 29 date to appear before U.S. District Judge Eric N. Vitaliano for a follow-up conference.

“Mr. Aguilar pled not guilty and we will see everyone in court,” his lawyer, Alex Spiro, said in an email to Law360 after the hearing.

To read the full article on Law360, click here.

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