In an effort to recover millions of dollars linked to a significant international corruption and money laundering scam involving a former Merrill Lynch broker from Miami and his Ecuadorian official father, the U.S. Justice Department is intensifying its operations. Numerous Miami-Dade County assets, including real estate, that may have been financed by bribery from Ecuadorian and Brazilian businesses are now being investigated, according to a report by Local 10 News.
According to federal investigators, they have discovered a network that reportedly channeled almost $16 million in bribes, of which the construction behemoth Odebrecht was solely accountable for roughly $10 million over a five-year period. Carlos Polit, who held the position of Ecuador’s comptroller general, which included the duty to firmly prevent public wrongdoing, was found guilty on several charges of money laundering. In addition, his son John Polit has been arrested and entered a guilty plea to one count of conspiracy to commit money laundering, according to a detailed report by Crimewatch Miami that features the opulent Brickell City Centre’s Rise, where a unit is connected to the case.
His son is scheduled to be sentenced on January 30 while the elder Polit awaits his own sentencing, which is scheduled for a future date in federal court. While the younger Polit got his day of reckoning last Tuesday, November 12, when he submitted his plea, the senior Polit, now 73, is appealing his conviction.
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