Two Ecuador citizens living in Florida were indicted for an FCPA conspiracy and money laundering
in an expanding prosecution involving bribery at Ecuador’s state oil company.
A new 11-count indictment (pdf) was reportedMonday by the Financial Times.
It was filed without an announcement from the DOJ on May 9 in federal court in Miami.
Armengol Alfonso Cevallos Diaz
Jose Melquiades Cisneros Alarcon
were charged with conspiracy to violate the FCPA, conspiracy to commit money laundering, and nine counts of money laundering.
They allegedly helped pay and launder more than $4 million in bribes to officials at Empresa Pública de Hidrocarburos del Ecuador or PetroEcuador.