A former chief executive officer of Florida-based telecommunications company Latin Node Inc. (LatiNode) was sentenced to 46 months in prison for paying bribes to former government officials in Honduras.  

Jorge Granados, 55, pled guilty on May 19, 2011, to conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA) in connection with a scheme to pay Honduran officials more than $500,000 in bribes.  To date, four former senior executives of LatiNode have pleaded guilty to conspiring to pay bribes to the Honduran officials.

 In his guilty plea, Granados admitted to authorizing corrupt payments to foreign government officials for the purpose of securing business advantages for LatiNode.   LatiNode provided wholesale telecommunications services using Internet protocol technology to countries throughout the world, including Honduras.  

Between September 2006 and June 2007, Granados and others caused more than $500,000 in bribes to be paid to the Honduran officials, concealing many of the payments by laundering the money through LatiNode subsidiaries in Guatemala and to accounts in Honduras controlled by the Honduran government officials.

LatiNode pled guilty on April 7, 2009, to a one-count information charging the company with a criminal violation of the FCPA and agreed to pay a $2 million fine.  The resolution of the criminal investigation of LatiNode reflected, in large part, the actions of eLandia International Inc. in disclosing potential FCPA violations to the department after eLandia's acquisition of LatiNode in 2007 and discovery of the improper payments.   

 

SOURCE: DOJ