Man pleads guilty in NY to money laundering charge linked to PetroEcuador
APRIL 6, 202112:20 PMUPDATED 2 HOURS AGO
By Reuters Staff
2 MIN READ
NEW YORK (Reuters) - A man pleaded guilty on Tuesday in New York to a money laundering conspiracy charge in connection with what prosecutors called a scheme to bribe Ecuadorean government officials to win business from state-controlled oil company PetroEcuador.
Raymond Kohut, 68, entered his plea before U.S. District Judge Eric Vitaliano in Brooklyn.
Kohut, who said he is not a U.S. citizen, faces up to a 20 years in prison, and agreed to a $2.2 million criminal forfeiture.
Mark Bini, a prosecutor with the U.S. Department of Justice, said Kohut had worked for a European energy trading company with U.S. subsidiaries, and along with others was part of a bribery and money laundering conspiracy to pay $22 million in bribes to the Ecuadorean officials.
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https://www.reuters.com/article/us-usa-petroecuador-corruption-plea/man-pleads-guilty-in-ny-to-money-laundering-charge-linked-to-petroecuador-idUSKBN2BT2DR
