His Ecuadorian father convicted of money laundering in Miami. Son pleads guilty to same
Briefly

John Christopher Polit pleaded guilty to aiding his father in laundering millions in bribes from Odebrecht, using Miami's banking system and real estate to conceal illicit gains.
From 2010 to 2018, John conspired with his father, Carlos Polit, to disguise over $16 million in bribery proceeds through investments in various Miami properties and businesses.
The plea agreement indicates that John Polit faces up to 10 years in prison for money laundering conspiracy, with a recommendation of six years based on cooperation.
John, a former banker, created shell companies in Florida to hide assets benefiting his family, showcasing the complex nature of international money laundering operations.
Read at Miami Herald
[
|
]