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U.S. v. Manuel Salvoch

 
:
Latin Node - Salvoch, Manuel
:
DOJ Criminal
:
December 17, 2010
:
U.S. v. Manuel Salvoch
:
U.S. v. Manuel Salvoch, No. 10-20893 (S.D. Fla 2010)
:
Telecommunications-Other/Multi
:
Honduras
:
2006; 2007
:
Officials at Hondutel, the Honduran state-owned telecommunications company.
:
Manuel Salvoch was the Chief Financial Officer of Latin Node Inc. ("LatiNode"), a company that provided international telecommunications services using Internet protocol technology. During 2006 and 2007, Salvoch allegedly conspired to pay more than $500,000 in bribes on behalf of LatiNode to officials of Hondutel, the Honduran state-owned telecommunications company, in exchange for preferred telecommunication rates and LatiNode's continued operation in Honduras.

On December 17, 2010, the DOJ filed a criminal information against Salvoch, alleging he conspired to violate the FCPA. Salvoch and other conspirators allegedly discussed paying bribes to secure reduced rates. According to the information, Salvoch was responsible for approving payments and wire transfers. He allegedly promised to pay bribes, received payment instructions from three foreign officials, and ordered and approved wire transfers for more than $400,000 in bribes. Some bribes were routed through a Guatemalan subsidiary, according to the Statement of Offense.

On January 12, 2011, Salvoch pleaded guilty to one count of conspiracy to make corrupt payments in violation of the FCPA. The three other LatiNode executives, Juan Pablo Vasquez, Manuel Caceres, and Jorge Granados, pleaded guilty to conspiracy to violate the FCPA on Jan. 12, 2011, May 18, 2011, and May 19, 2011 respectively.

On June 5, 2012, Salvoch was sentenced to 10 months in prison and 3 years supervised release.

Meanwhile, on September 8, 2011, Granados was sentenced to 46 months in prison. On April 19, 2012, Caceres was sentenced to 23 months in prison. Vasquez was sentenced on April 25, 2012, to 3 years probation and a $7,500 fine.

LatiNode was a privately held U.S. corporation until eLandia International, Inc. acquired it in 2007.
:
Conspiracy - Anti-Bribery
:
Imprisonment, Plea
:
Not stated.
:
10
:
Domestic Concern, Officer of Domestic Concern
:
CFO
:
U.S.
:
Contract Procurement/Retention
:
Not stated.
:
Wire/check
:
Direct, Subsidiary Company
:
545,039
:
Guatemala, Honduras
:
Guatemala, Honduras, United States
:
Yes
:
No