• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Isspol: US court asks to retain assets of Chérrez and Luzuriaga valued at $ 176 million

Posted On 22 Oct 2021

The Southern District Court of Florida (United States) reformulated charges against Jorge Chérrez Miño and Jorge John Luzuriaga, for an alleged participation in a bribery and money laundering scheme that involves the pension fund of the Social Security Institute of the Police (Isspol).

The former directors of Isspol signed the transactions.

Luzuriaga, who was Isspol’s Risk Director, and Chérrez, Isspol’s investment advisor and representative of IBcorp and HYBF, were charged with “conspiring to commit money laundering.” However, in this new complaint that establishes charges already imposed in March of this year, the confiscation of certain assets of both defendants is included. 

After being found guilty of a violation of Title 15, United States Code, both “will lose any real property or person l, involved in such crime, or any property traceable to said property,” says the reformulation of the charge made last 14 October. 

The property subject to forfeiture as a result of the alleged crimes includes a sum of approximately $ 176 million, in US currency, which represents the amount of funds involved. 

Luzuriaga was arrested in the United States on February 26. While Chérrez, who is believed to be in Mexico, weighs an arrest warrant. The Justice Department document indicates that, between 2014 and 2020, Chérrez would have paid more than $ 2.6 million in bribes to Isspol officials to obtain the investment business of the police insurance. These would include at least 1.3 million dollars that would have been directed to Luzuriaga “to obtain and retain investment business from Isspol”, for an amount that would be around $ 700 million. 

According to the complaint, Chérrez would have received payments from Isspol’s investment business in an account in the US and would have used companies and accounts based in Florida to pay bribes.

https://www.expreso.ec/actualidad/economia/isspol-corte-ee-uu-pide-congelar-bienes-cherrez-176-millones-114083.html

About the Author
  • google-share
Previous Story

Banana producers ask, with a pacific strike, that the price of the box rises to $ 7.50

Next Story

Banana producers say they were tricked into signing an agreement and ask to meet with Guillermo Lasso to define the price of a box of bananas for 2022

SEARCH

LATEST NEWS

ecuadortimes-cristian-espinosa-was-appointed-ambassador-of-ecuador-to-the-united-states_cristian-espinosa-fue-nombrado-embajador-de-ecuador-en-estados-unidos

Cristian Espinosa was appointed Ambassador of Ecuador to the United States

Posted On 28 Jun 2024
ecuadortimes-daniel-noboa-receives-the-credentials-of-the-new-united-states-ambassador_daniel-noboa-recibe-las-cartas-credenciales-del-nuevo-embajador-de-estados-unidos

Daniel Noboa receives the credentials of the new United States ambassador

Posted On 27 Jun 2024
40-000-mujeres-recibiran-becas-en-educacion-superior

40,000 women will receive scholarships in higher education

Posted On 26 Jun 2024
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net