Ex-Vitol Trader Found Guilty in Connection With Ecuador, Mexico Bribe Schemes – WSJ

A former Vitol commodities trader has been found guilty of charges stemming from schemes to bribe officials at state oil companies in Ecuador and Mexico.

A jury in federal court in Brooklyn, N.Y., on Friday found Javier Aguilar guilty on three counts, including a charge of violating the Foreign Corrupt Practices Act and of conspiring to launder money. The verdict came after a trial lasting about eight weeks.

“We disagree with the jury’s verdict and intend to appeal,” said Daniel Koffmann, a lawyer for Aguilar.

Prosecutors alleged that Aguilar, a Mexican citizen who worked as a trader for Vitol in Houston from 2015 to 2020, paid bribes to officials in Ecuador via intermediaries. The firm was able to secure a contract to buy about $300 million in fuel oil from state-owned Petroecuador, prosecutors said.

Source: Ex-Vitol Trader Found Guilty in Connection With Ecuador, Mexico Bribe Schemes – WSJ