Ecuador Oil Co. Wants Payout From Feds' Bribery Case

Law360 (December 16, 2019, 10:37 PM EST) -- Ecuador's national oil company told a Florida federal judge Monday that it’s entitled to recover millions of dollars from a former Miami financial adviser who recently reached a plea deal with U.S. prosecutors in a case alleging he helped bribe officials at the company.

Empresa Pública de Hidrocarburos del Ecuador, commonly known as Petroecuador, asked the court to recognize it as a victim of defendant Frank Chatburn Ripalda’s conduct so that it can seek restitution. The company made its request ahead of Wednesday's scheduled sentencing of Chatburn in Miami.

The 42-year-old pled guilty in October to a single count of conspiracy...

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