Ex-Broker Dealer Employee Gets 3 Years For $60M Bribe Plot
Law360, New York (December 15, 2015, 6:16 PM EST) -- A former employee of New York broker-dealer Direct Access Partners LLC was sentenced in federal court on Tuesday to three years in prison for his role in a $60 million bribery scheme involving a Venezuelan state-owned bank.
U.S. District Judge Denise Cote sentenced Jose Alejandro Hurtado during a hearing in Manhattan court. Hurtado pled guilty in August 2013 to violating the Foreign Corrupt Practices Act, money laundering and obstruction of justice, among other criminal charges.
Prosecutors have said Hurtado and others at DAP funneled millions of dollars in bribe payments to a senior official at Banco de Desarrollo Economico y Social...
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