DAP Partner Charged With Bribing Venezuelan Bank Official
By Jeff Sistrunk
Law360, Los Angeles (June 12, 2013, 9:25 PM ET) -- Federal prosecutors Wednesday arrested a former managing partner at U.S. broker-dealer Direct Access Partners LLC, charging him with Foreign Corrupt Practices Act violations for allegedly paying millions in bribes to a senior official at a state-owned Venezuelan bank in return for the bank’s business.
Ernesto Lujan was arrested in Wellington, Fla., and arraigned in federal court in West Palm Beach, according to the U.S. Department of Justice. Lujan and several trading partners allegedly made bribe payments to Maria de Los Angeles Gonzalez de Hernandez, a top official...