Miami Man Gets 4 Years For Bribing Venezuelan Officials

Law360, Miami (September 25, 2019, 7:39 PM EDT) -- A Florida federal judge on Wednesday sentenced a Miami businessman to just more than four years in prison for bribing officials at Venezuela's national electricity company in exchange for the awarding of nearly $60 million in procurement contracts to Florida-based companies he and a co-conspirator owned.

Luis Alberto Chacin Haddad, 54, of Miami, pled guilty in June alongside co-defendant Jesus Ramon Veroes, 69, of Venezuela, to one count of conspiracy to violate the Foreign Corrupt Practices Act in connection with the alleged plot to bribe top public officials at Corporacion Electrica Nacional SA, which is commonly known as Corpoelec.

Chacin's cooperation...

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