Featured Ecuador

Miami financial advisor pleads guilty to laundering millions in PetroEcuador bribery case

A Miami financial advisor who faced trial Tuesday on corruption and money-laundering charges that implicated Ecuador’s national oil company and Brazilian construction giant Odebrecht has decided to plead guilty. Frank Roberto Chatburn Ripalda, who has American and Ecuadorian citizenship, admitted in a plea agreement that he used the U.S. financial… Read More

‘Rio Treaty’ Nations to Cooperate on Sanctions on Venezuela’s Maduro

Western Hemisphere nations voted Monday to employ a regional treaty to impose sanctions against embattled Venezuelan leader Nicolás Maduro, accusing his regime of criminal activity including drug trafficking and money laundering. In a meeting convened by the Organization of American States, 16 of the 19 states party to the Inter-American… Read More

FIFA gives life ban to Ecuador official for bribery

AP — The FIFA ethics committee has given a life ban to a South American soccer official who took bribes linked to the Copa America and Copa Libertadores. FIFA says Luis Chiriboga, a former Ecuador soccer federation president, has also been fined 1 million Swiss francs ($1 million). It is… Read More
28th January 2019
By Robert Mazur Testimony in the ongoing New York federal trial of “El Chapo” Guzman offered a repeat of facts heard in hundreds of similar trials since the prosecution of Al Capone. Despite that blaring reminder, governments, including the one now prosecuting El Chapo, appear to turn a deaf… Read More
23rd January 2019
By Robert Mazur Testimony in the ongoing New York federal trial of “El Chapo” Guzman offered a repeat of facts heard in hundreds of similar trials since the prosecution of Al Capone. Despite that blaring reminder, governments, including the one now prosecuting El Chapo, appear to turn a deaf… Read More
22nd August 2017
Ecuador’s top prosecutor said on Monday he would present evidence of corruption against the country’s embattled vice president, who was stripped of his duties by a presidential decree that stopped short of firing him earlier this month. Vice President Jorge Glas was sidelined early this month by President Lenin Moreno,… Read More
29th June 2017
Hogan Lovells has inked a pact with the Republic of Ecuador’s financial unit, Unidad de Anallis Financiero y Economico, to provide legal advice and counsel, as well as strategy development and advocacy work among U.S. government officials. According to Foreign Agents Registration Acts documents filed in June, the international law… Read More
7th June 2017
The South American Football Confederation (CONMEBOL) on Tuesday formally accused two of its ex-presidents of embezzlement, money laundering, forgery and other criminal charges lodged with Paraguayan prosecutors. It said in a statement that it was pressing the charges against Nicolas Leoz and Eugenio Figueredo. Both have already been indicted in the… Read More
In this exclusive Of Counsel piece, Julie Copeland and Mirella A. de Rose of Lewis Baach pllc, consider two recent events which highlight the importance of real time monitoring of suspicious transactions. Read More