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 | Enforcement Action Dataset

Stanford Foreign Corrupt Practices Act Clearinghouse a Collaboration with Sullivan & Cromwell LLP

Enforcement Action Dataset

 
United States of America v. Fernando Martinez Gomez · Multiple Companies' Involvement in Ecuador between 2013 and 2017

Case Information

United States of America v. Fernando Martinez Gomez

Related FCPA Matter:   Multiple Companies' Involvement in Ecuador between 2013 and 2017 Information

Case Information

Initiation Date:    03/24/2022  Information

Prosecuting Agency:    U.S. Department of Justice

Type of Action:    DOJ Criminal Proceeding

Docket or Case Number:    22-cr-00065

Court:    E.D. New York

Name of Prosecuting Attorneys:   

  • Breon Peace, United States Attorney
  • Joseph Beemsterboer, Acting Chief, Fraud Section, Criminal Division
  • Deborah L. Connor, Chief, Money Laundering and Asset Recovery Section, Criminal Division
  • David Norwich Gopstein, Assistant United States Attorney
  • David A. Stier, Trial Attorney, Asset Forfeiture and Money Laundering Section, Criminal Division
  • Benjamin Weintraub, Assistant United States Attorney
  • Brandon Burkart, Trial Attorney, Fraud Section, Criminal Division
  • Randall Warden, Trial Attorney, Money Laundering & Asset Recovery Section, Criminal Division
  • Shaunik R. Panse, Trial Attorney, Asset Forfeiture and Money Laundering Section, Criminal Division

US Assisting Agencies:   Unknown

Foreign Enforcement Action/Investigation:   Unknown

Foreign Assisting Agencies:   Unknown

Origin of the Proceeding:    Unknown

Whistleblower:    Unknown

Case Status:    Ongoing


Summary  Information

Fernando Martinez Gomez ("Martinez"), a dual U.S. and Ecuadorian citizen who resided in Florida, was employed as a financial advisor for Biscayne Capital, a business based in Miami, Florida that provided financial services to clients primarily in Latin America.

According to the documents in this case, between 2013 and March 2018, Martinez conspired with others to launder money connected to a bribery scheme in the Ecuadorian insurance industry. Specifically, Martinez was alleged to have laundered proceeds of the bribery for Juan Ribas Domenec, who served as the Chairman of Seguros Sucre S.A. and Seguros Rocafuerte S.A., both state-owned Ecuadorian insurance companies.

On March 24, 2022, the DOJ filed a two count information in the Eastern District of New York against Martinez alleging conspiracies to commit money laundering and to commit wire fraud. Martinez pled guilty on the same date. He is scheduled to be sentenced on March 25, 2025.

On August 1, 2024, the court ordered Martinez to forfeit $1 million.

This case is ongoing.

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