Business & Technology

Ecuador’s Carlos Polit Faggioni arrested in Miami, Florida for conspiracy to commit money laundering

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Ecuador’s former comptroller general Carlos Ramon Polit Faggioni, 72, lives in a condo high-rise in Miami, Florida, United States. He is accused of using the position to influence official actions by the comptroller’s office in order to benefit Odebrecht S.A., a construction conglomerate based in Brazil, and its business in Ecuador.

Between approximately 2010 and 2016, he allegedly solicited and received over $10 million in bribe payments from Odebrecht S.A. From 2010 to 2017, at his direction, another member of the conspiracy allegedly caused proceeds of his bribery scheme to disappear by using companies in Florida registered in the names of certain associates, often without the associates’ knowledge.

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Using funds from Polit’s bribery scheme, the conspirators allegedly purchased and renovated real estate in Florida and elsewhere and purchased a dry cleaner, restaurants and other businesses. In or around 2015, he allegedly received a bribe from an Ecuadorian businessman in exchange for assisting the businessman and his company in connection with certain contracts from Ecuador’s state-owned insurance company.

On December 21, 2016, Odebrecht S.A. pleaded guilty in New York, USA to conspiring to violate the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA). The construction conglomerate was accused of paying almost $800 million in bribes to public officials in Ecuador and 11 other countries.

In 2018, Polit was tried and convicted in absentia in Ecuador. Before the trial, he had left for Miami.

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Polit was indicted on March 24, 2022. He was charged with one count of conspiracy to commit money laundering, two counts of engaging in transactions in criminally derived property and three counts of concealment money laundering.

On March 28, 2022, Polit was arrested in Miami. Represented by Fernando Tamayo, he made his initial appearance in federal court in Miami before Magistrate Judge Jacqueline Becerra on March 29, 2022.

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